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Onchain sleuth ZachXBT accuses Crypto.com of CRO supply manipulation

Summary by Cointelegraph

The re-issuance of the 70 billion CRO tokens “permanently” burned in 2021 is “no different from a scam,” according to onchain investigator ZachXBT.

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Crypto News Flash

Crypto.com Faces Fraud Accusations Over 70B CRO Token Re-Minting - Crypto News Flash

Crypto.com’s alleged re-minting scandal comes as it partners with Trump Media to launch crypto ETFs under the Truth.Fi brand, prominently featuring CRO. Questions have also been raised about Crypto.com’s ties to Binance and comparisons to the collapsed FTX exchange, given its dominance over CRO. Crypto.com is accused of fraud after on-chain researcher ZachXBT accused the firm of quietly re-minting 70 billion CRO tokens that were earlier burned. …

6 days ago

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FinanceFeeds

Allegations Of Token Manipulation Rock Crypto Exchange

Following claims of the covert re-minting of a significant 70 billion CRO tokens, the native cryptocurrency of its Cronos blockchain, leading bitcoin exchange Crypto.com, is under fire and accused of fraudulent activities. These claims, which have emerged within the Bitcoin community, imply that Crypto.com might have undone a past token burn, greatly expanding the overall CRO supply without appropriate disclosure or community permission. Shoul…

7 days ago

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Coin Edition

CRO Surges on Trump News, but Then Gets Mired in ZachXBT Fraud Allegations

CRO’s price has surged by half in less than two days. Crypto sleuth ZachXBT accuses the Cronos team of a fraudulent scheme. The allegations surface right after Crypto.com’s partnership with Donald Trump’s Truth Media. The price of CRO, the token for the Cronos blockchain, saw a dramatic 50% increase in under 48 hours. This rapid climb comes as prominent crypto investigator ZachXBT has made serious fraud allegations against the Cronos team. In a…

7 days ago

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coinsurges.com

Crypto.com Accused of Fraud: Did They Secretly Re-Mint 70B CRO Tokens? - Coin Surges

The post Crypto.com Accused of Fraud: Did They Secretly Re-Mint 70B CRO Tokens? appeared first on Coinpedia Fintech News Soon after Crypto.com announced its plan to partner with Trump Media, an American media and technology company majority-owned by US President Doanld Trump, to launch crypto-based ETFs under the Truth.Fi brand, an on-chain investigator, ZachXBT, has accused the payment, trading and financial company of fraud, alleging that the …

7 days ago

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Bitcoinist

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

ZachXBT Accuses Crypto.com Of ‘Borderline Fraud’ After Trump Deal

Crypto.com is facing serious accusations from renowned blockchain investigator ZachXBT, who alleges that the exchange reissued 70 billion CRO tokens previously declared “permanently burned” in 2021—a move he calls a betrayal of trust and “borderline fraud.” The controversy erupted after Trump Media announced a partnership with Crypto.com to launch ETFs on March 24. Crypto.com will handle backend technology, custody services, and supply cryptocur…

7 days ago

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CryptoPotato

ZachXBT Claims Crypto.com's Token Re-Issue Is 'No Different From a Scam'

Crypto.com is facing mounting backlash from the cryptocurrency community after a controversial decision to reissue 70 billion Cronos (CRO) tokens that were previously burned in 2021. On March 25, prominent blockchain investigator ZachXBT took to X, accusing the exchange of essentially betraying its community by resurrecting the tokens, which represented 70% of the total supply. ZachXBT tweeted, “CRO is no different from a scam.” He argued that t…

8 days ago

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