STATEMENT BY ZONDACRYPTO REGARDING MEDIA PUBLICATIONS IN POLAND 

In light of recent media reports based on an incomplete analysis of on-chain data—covering only a fraction of a percent of our assets—we categorically deny speculation regarding any alleged loss of financial liquidity. 

We state unequivocally: zondacrypto is a stable, fully solvent, and secure entity. 

In response to the key issues raised in the media, we provide the following substantive clarifications: 

• Reserve Security and the “Hot/Cold Wallet” Model: Claims of a significant decline in reserves stem from the incorrect assumption that the balances of so-called hot wallets (used exclusively for ongoing operational withdrawals) represent the exchange’s total assets. In line with the highest security standards, user funds are primarily held in cold wallets, disconnected from the network. As of April 1 this year, our Bitcoin reserves alone exceeded 4,500 BTC, ensuring more than 100% coverage of all user liabilities. 

• Transparency and Audit: As a fully licensed financial institution, zondacrypto is subject to rigorous, recurring external audits and regulatory oversight across multiple European jurisdictions. In an increasingly professionalized market, true Proof of Reserves is demonstrated through official audit reports and compliance with the forthcoming MiCA regulation—not through the publication of sensitive operational data on social media. 

• Supervision and EU Licensing: zondacrypto operates under state license FVT000209 issued in Estonia. We are subject to strict supervision and report directly to the Estonian central banking framework, with our financial stability supported by strong equity capital. The official FIU regulatory license can be verified here: https://mtr.ttja.ee/taotluse_tulemus/544986  

• Market Operations and External Transfers: The fund flows to other platforms (e.g., Kraken) observed by analysts are standard operations related to liquidity management (market making) and the execution of institutional client orders. The scale of our operations is reflected in our figures: in 2025, total deposits exceeded EUR 1.12 billion, with withdrawals amounting to EUR 1.05 billion. The efficient processing of withdrawals exceeding PLN 76 million in recent days is clear evidence of the exchange’s full liquidity. 

Temporary Extension of Withdrawal Processing Times: 

The implementation of new security systems has necessitated the precautionary introduction of manual verification procedures for certain withdrawals. This is a deliberate risk management measure. We apologize for any inconvenience; the security of our infrastructure remains our top priority. We expect to restore standard withdrawal processing times (up to 48 hours) within the next 10 days. 

Business Relationships and Obligations: 

Reports of alleged issues with sports partners are untrue. The termination of the agreement with Wieczysta Kraków resulted from the counterparty’s breach and was undertaken to protect the company’s capital. All current obligations, including tax liabilities, are being met on an ongoing basis. 

We are currently focused on restoring standard withdrawal processing times for our Clients. 

zondacrypto remains a fully apolitical and independent entity, committed to building a secure financial ecosystem.