<ul><li>Crypto.com faces backlash for reissuing 70 billion Cronos (CRO) tokens that were previously burned in 2021, leading to accusations that it is no different from a scam.</li><li>ZachXBT, a prominent blockchain investigator, criticized the move and argued that it contradicted the initial promise of a 'permanent' burn.</li><li>Crypto.com CEO defended the reissuance, stating that the initial burn was a defensive move and that the company now needed an aggressive approach to foster growth.</li><li>The reissuance has raised concerns about centralized control and transparency, as Crypto.com's validators hold significant voting power on the blockchain.</li></ul>

ZachXBT Claims Crypto.com’s Token Re-Issue Is ‘No Different From a Scam’

Discover more