Crypto.com Hit with Backlash Over Controversial Token Burn Reversal, Community Demands Answers
- Crypto.com faces intense community backlash after a vote reversed its planned 70B CRO token burn, undermining original decentralisation goals.
- The move, aimed at establishing a Cronos Strategic Reserve, reissued tokens instead of burning them, eroding investor trust.
- CEO Kris Marszalek defended the decision by touting financial and regulatory stability, but critics condemned it as a greedy, opaque tactic.
One of the world’s largest crypto exchanges, Crypto.com, has suffered intense community backlash following an allegedly manipulated vote that reversed a massive token burn on its Cronos blockchain.
It all starts with the re-issuance of 70 billion CRO tokens, a decision that effectively cancels the…
