- ZachXBT accused Crypto.com of reissuing 70 billion CRO tokens that were promised to be permanently burned in 2021.
- The move sparked outrage in the crypto community, raising concerns over trust, transparency, and governance within Crypto.com.
In a recent post, crypto investigator ZachXBT has accused Crypto.com of reissuing 70 billion CRO tokens that it had openly promised would be burned forever in 2021. “CRO is no different from a scam,” Zach says, matter-of-factly.
In real life, this is like someone saying they burned an old contract for a new commitment—but then secretly made a copy of it and reused it as they pleased. The problem is not just technical, but trust. And that’s a big deal in the crypto industry.
CRO is no different from a scam
Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.
Unsure why Truth would chose a partnership with your exchange… pic.twitter.com/XNlusLDdZc
— ZachXBT (@zachxbt) March 25, 2025
When Burned Tokens Rise Again, Trust Goes Up in Smoke
According to a report from CNF, Cronos proposed recovering 70 billion of the previously burned tokens, with the aim of creating what they call a “Cronos Strategic Reserve.” The plan is reportedly to support the growth of their ecosystem so they can attract more developers and users.
What’s even more heated is that the proposal was passed by a vote with a 62.18% approval rate. But the community was immediately suspicious because the voting process was not transparent. Many suspect that the dominant vote actually comes from internal parties or affiliates, not the open community.
On the other hand, quite a few consider this a form of manipulation. If voting is just a formality, why bother holding a poll?
Furthermore, the purpose of forming this strategic reserve sounds sweet on the surface, but for some, it is like a beautiful wrapper for a rather rotten move. They regret why the tokens that were said to have been burned—with all their narratives of finality—suddenly reappeared.
Trump Media’s Crypto.com Move Sparks Doubts and CRO Surge
In the middle of this heated issue, other news emerged that was quite surprising. Trump Media and Technology Group has just announced a partnership with Crypto.com.
This partnership intends to start several digital asset-based ETFs, including Bitcoin and, yes, Cronos. This news instantly raised the price of CRO by almost 18%. As of press time, CRO is swapped hands at about $0.1085, up 30.87% over the last 24 hours.
However, ZachXBT questioned Trump Media’s decision—or more precisely, the decision of their partner company, Truth Social—about why they chose to work with Crypto.com instead of other big names like Coinbase or Kraken. In his eyes, it was like deciding to buy a car from a showroom whose reputation is being sued when there is another reputable dealer across the street.
Crypto.com Stays Quiet, While Doubts Get Louder
When it comes to the community’s response, the nuances are quite clear: between shocked, disappointed, and suspicious. Not only because of the huge number of tokens, but also because this touches on the most fundamental thing in the crypto world: integrity.
On the other hand, Crypto.com has not provided a lengthy explanation regarding Zach’s accusations. They only said that their financial condition is healthy and within the scope of regulations.
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