- ZachxBT accuses Crypto.com of spending 70 billion cro tokens, which should have been finally burned in 2021.
- This triggered outrage in the crypto community and aroused concerns about trust, transparency and governance of Crypto.com.
In a recently published article, the crypto investigator ZachxBT Crypto.com accusedTo have re-outdated 70 billion cro tokens, from which they were promised that they would be burned in 2021. Zach said factually:
“Cro is nothing more than a fraud.”
The problem is not a technical nature, it is a problem of trust – and that is a big problem in the crypto industry.
CRO is no different from a scam
Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.
Unsure why Truth would chose a partnership with your exchange… pic.twitter.com/XNlusLDdZc
— ZachXBT (@zachxbt) March 25, 2025
Token to be burned react again – now the trust in smoke opens up
How CNF reportedCronos suggested to bring back 70 billion of the previously burned tokens with the aim of creating a so-called “cronos strategic reserve”. The plan is supposed to support system growth so that more developers and users are put on.
What is even more explosive is the fact that the proposal was assumed in a coordination with an approval rate of 62.18 %. However, the community was immediately suspicious because the voting process was not transparent. Many suspect that the vast majority of the votes of internal parties or subsidiaries come and not from the open community.
On the other hand, quite a few consider this to be a form of manipulation. If the vote is only a formality, why should you carry out a survey?
In addition, the purpose of the formation of this strategic reserve sounds superficial, but for some it is like a nice packaging for a rather lousy move. They regret that the supposedly burned jetons – with all their finalness – suddenly reappear.
Trump Medias Crypto.com movement awakens doubts
In the middle of this heated debate, more news appeared that were quite surprising. The Trump Media and Technology Group has just announced a partnership with Crypto.com.
This partnership intends to put on several ETFs based on digital assets, including Bitcoin and, yes, cronos. This message immediately increased the Cro’s course by almost 18 %. At the time of the editorial deadline, Cro’s course was around $ 0.1085, which corresponds to an increase of 30.87 % in the last 24 hours.
However, ZachxBT questioned Trump Media’s decision – or more precisely, the decision of her partner company Truth Social – why they decided to work with Crypto.com and not with other big names such as Coinbase or octopus. In his eyes, it was like buying a car from a car dealership whose reputation is being sued while there is another reputable dealer on the other side of the street.
Doubts become louder – Crypto.com remains calm
The reaction of the community: it is shocked, disappointed and suspicious. Not only because of the huge number of tokens, but also because this affects one basis in the crypto world: integrity.
Crypto.com has not submitted a detailed explanation of Zach’s accusations. It was only said that their financial situation was healthy and that one moves within the framework of the regulations.
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