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Cryptocurrency News Articles

Crypto.com Faces Backlash After Allegedly Manipulated Vote Leads to Massive CRO Token Burn Reversal

Mar 19, 2025 at 06:08 pm

Major cryptocurrency exchange Crypto.com came under fire following an allegedly manipulated vote leading to a massive token burn reversal

Crypto.com Faces Backlash After Allegedly Manipulated Vote Leads to Massive CRO Token Burn Reversal

Major cryptocurrency exchange Crypto.com is facing backlash over a vote that allegedly led to the cancellation of a massive token burn on Crypto.com’s Cronos blockchain.

Crypto.com CEO Kris Marszalek is also being criticized by some members of the crypto community for not addressing the issue in his new thread on X.

Essentially canceling the 70 billion Cronos CROUSD (CRYPTO: CRO) token burn announced in 2021, the vote on bringing back the tokens has triggered outrage.

"So you made $1 billion profit but needed to mine 70 billion CRO instead of using those funds to buy some off the

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