Crypto.com reissued 70 billion Cronos (CRO) tokens in March 2025, previously described as permanently burned in 2021

Description

In March 2025, Crypto.com faced significant backlash after reissuing 70 billion Cronos (CRO) tokens that had been declared permanently burned in 2021. This reissuance effectively restored the total CRO supply to its original 100 billion tokens, contradicting previous commitments to reduce the supply.

Event date

Mar 17, 2025 - 12:00am

Sources

Crypto.com’s controversial reissuance of 70 billion CRO tokens has raised accusations of a lack of transparency in tokenomics. Following so many critics questioning the reversal, the move is shaking investors' confidence.

Crypto.com is facing intense backlash, culminating in allegations of unethical financial maneuvering. Blockchain investigator ZachXBT accused the exchange of reissuing 70 billion Cronos (CRO) tokens despite promising in 2021 that they had been permanently burned.

Tags

Week 12 of 2025