Major cryptocurrency exchange Crypto.com came under fire following an allegedly manipulated vote leading to a massive token burn reversal on Crypto.com’s Cronos blockchain.
Crypto.com CEO Kris Marszalek took to X on March 19 to highlight the firm’s financial and regulatory stability amid the ongoing controversy over the 70 billion Cronos (CRO) token re-issuance.
Essentially canceling the 70 billion CRO token burn announced in 2021, the vote on bringing back the tokens has triggered outrage from the community, with many commentators criticizing the CEO for not addressing the issue in his new thread on X.
“So you made $1 billion profit but needed to mine 70 billion CRO instead of using those funds to buy some off the market and help your core community remain positive,” one commentator wrote.
Source: Crypto.com CEO Kris Marszalek
“The largest token burn in history”
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