Crypto.com faces serious accusations from the famous Blockchain investigator ZacBette, who claims that the stock exchange has release 70 billion CRO symbols that had previously announced “permanently burned” in 2021 – a step he calls a betrayal of confidence and “border fraud”. The controversy erupted after Trump has announced a partnership with Crypto.com to launch ETFS on March 24. Crypto.com will be treated with back interface technology, nursery services, and providing cryptocurrency such as Bitcoin and CRONOS for ETFS.
Zachxbt, who built the reputation of dismantling fraud through the encryption scene, to X to accuracy Re -release the distinctive code and ask about the motives behind Truth Social Choose Crypto.com as a partner. He wrote: “CRO is not different from the fraud.
In a follow -up post, Zachxbt explained the size of the problem: “Ya was originally the total CRO 100b supplies. In 2021, they burned 70B of CRO supplies. Everyone between that time has now bought that 30B CRO will be Max Mouding.
It appeared release after Unchained reported that Cronos Labs, Blockchain development arm in Crypto.com, quietly suggested the governance vote on March 2 to 70 billion CRO again to trading. The proposal, unveiled the same day as Trump announced the Bitcoin National Strategy Reserve.
Crypto.com Token Burn Reversal Shocks Community
Crypto.com originally performed a tremendous burning in 2021, which led to the elimination of 70 % of the total CRO supply, a significant historical reduction designed to support the symbolic value and confidence in the project’s long-term validity. At that time, society’s feelings were very positive.
In fact, CRO rose during the 2021 bull race, increased by 87 % from $ 0.13 in February to $ 0.96 by December. However, the distinctive symbol is trading today at only $ 0.10, which reflects a 90 % decrease from its highest level ever. The sudden reflection of what was presented as an unprecedented burning of anger from the distinguished symbol holders.
Fears extend beyond financial mitigation to the principle of founding encryption of inability. In Blockchain networks, Token Burns is final – an essential hypothesis in all parts of the industry. The symbols that are sent to a burning title cannot be unprecedable, closer to the permanent loss of the key to a wallet. The main protocols such as Binance, Ethereum and Shiba Inu are burning mechanisms that promote these permanence. It is worth noting that he did not release the burning symbols at all.
On March 17, the proposal was approved. It is striking that the vote may be transformed at the last minute by major health run by Crypto.com, which according to three sources of controls ranging from 70-80 % of the total voting rights.
At the time of the press, CRO was traded at $ 0.10.
Distinctive image created with Dall.e, Chart from TradingView.com
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