Crypto.com re-mints 70B burned CRO, sparking community outrage as price surges 30%
Crypto.com has ignited community outrage by re-minting 70 billion Cronos tokens as ZachXBT slammed the move and questioned Truth Media’s decision to partner with the exchange, a partnership that is now driving CRO’s 30% surge.
In his recent post on X, on-chain sleuth ZachXBT slammed Crypto.com for reissuing 70 billion Cronos (CRO) tokens—previously burned in 2021—restoring the total supply of CRO back to its original amount of 100 billion tokens. The decision to reissue the tokens was determined by a governance vote, where 77.97% of participants voted against it, while only 11.86% supported it. However, since that 11.86% controlled 70-80% of the total voting power, the proposal passed.
The reissued tokens…
