Community criticizes Crypto.com CEO for reversing token burn, sparking controversy and speculation of manipulation.
From Cointelegraph
March 19, 2025 6:08:21 am:
Major cryptocurrency exchange Crypto.com faced backlash over a manipulated vote that led to a massive token burn reversal on the Cronos blockchain. CEO Kris Marszalek defended the firm’s financial stability amidst community outrage. A previous token burn was called the “largest in history,” aiming to decentralize the network. However, a recent vote approved re-issuance, sparking controversy and speculation of manipulation. Crypto.com announced an ask-me-anything event to address the issue.
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