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ZachXBT Slams Crypto.com for Bringing Back Burned CRO Tokens
Crypto investigator ZachXBT has publicly slammed Crypto.com for reissuing 70 billion burned CRO tokens, which were previously promised to be permanently removed in 2021. The decision has sparked widespread outrage and raised serious concerns over the trustworthiness and transparency of Crypto.com.
In a scathing Twitter post, ZachXBT compared the situation to someone signing a contract and then secretly making an identical copy of it, stating that CRO’s actions are “no different from a scam.” He pointed out that the reissuance of these tokens flies in the face of the original promise made by Crypto.com.
ZachXBT’s criticism is not without merit. In 2021, Crypto.com announced the burning of these 70 billion tokens as part of its efforts to reduce inflation and increase the value of the remaining CRO tokens. The move was seen as a major step towards building trust with the community.
However, it seems that Crypto.com has now gone back on this promise by reissuing these very same tokens. This sudden U-turn has left many in the crypto community feeling stunned and betrayed.
The fact that Crypto.com remains silent on the matter, while ZachXBT’s accusations continue to gain traction online, is only adding fuel to the fire. Many are questioning the integrity of the company and its leadership.
Meanwhile, CRO token prices have taken a hit as investors react with skepticism towards this move. The token is currently trading at $0.1085, up 30.87% over the last 24 hours, but it remains unclear whether this surge can be sustained in light of the recent controversy.
The community’s response has been overwhelmingly negative, with many calling for Crypto.com to provide a clear explanation for its actions. In the absence of any meaningful communication from the company, ZachXBT and others are left wondering what other surprises may lie ahead.
It remains to be seen how this situation will unfold, but one thing is certain: the crypto community will not take this lying down.
Source: https://www.crypto-news-flash.com/zachxbt-slams-crypto-com-for-bringing-back-burned-cro-tokens/?utm_source=rss&utm_medium=rss&utm_campaign=zachxbt-slams-crypto-com-for-bringing-back-burned-cro-tokens
