Tag Archives: ReIssuance

Crypto.com CEO Slammed Over 70B CRO Token Re-Issuance: Expect a Crash?

Crypto.com CEO Slammed Over 70B CRO Token Re-Issuance: Expect a Crash?

Key Notes Crypto.com faces backlash for re-issuing 70 billion CRO tokens, reversing its 2021 token burn. Independent validators opposed the proposal, but Crypto.com-linked validators allegedly controlled 72% of the voting power. CRO is trading at around $0.079, down 8% this week amid the controversy . Leading crypto exchange Crypto.com is facing major criticism after allegedly manipulating a vote to approve …

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