The Polish exchange Zonda has recently been hit by a major scandal: the CEO has gone missing, and more than 4,500 bitcoins can’t be withdrawn, prompting users to directly “bitcoin rush” to cash out their withdrawals. It’s said that in just a few days, it received more than 25,000 withdrawal requests—normally it would only see 100,000 requests in a whole year—numbers like that speak for themselves.

Even more outrageous is this: a cold wallet reportedly has BTC locked up worth over 350 billion, and the former CEO, Suczek, has been missing since 2022, with the private keys never handed over. The current CEO, Kral, only recently made this public. He said he’s also helpless and even released a video statement. Polish media and lawmakers are saying this money may never be recovered.

While the exchange denies that it’s going bankrupt and says it will handle withdrawals, users are still panicking. What do you think—are the funds still safe in this situation?