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Crypto.com Accused of Fraud: Did They Secretly Re-Mint 70B CRO Tokens?

  • Crypto.com, a payment, trading, and financial company, is accused of fraud for secretly re-issuing at least 70 billion CRO tokens that were burned in 2021.
  • The total circulation supply of Cronos is now 27,408,853,450, making CRO potentially inflationary and reducing its scarcity and value.
  • CRO has fallen over 91% since its all-time high in 2021 and experienced a 31.2% drop in the last year.
  • Crypto.com's dominance over the voting ecosystem facilitated the decision to re-mint burned tokens, leading to accusations of a power move to maintain control.

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