ZachXBT: Crypto.com The behavior of reissuing destroyed CRO is similar to fraud. I don’t understand why Truth chose to cooperate with it.

03-25

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According to ChainCatcher, blockchain detective ZachXBT reported that the Crypto.com team recently re-issued 70 billion CRO tokens that were previously promised to be "permanently burned" in 2021, representing 70% of the total supply, which seriously contradicts community consensus, as the team controls most of the token circulation.

ZachXBT criticized this action as similar to fraud and questioned why Truth still chooses to collaborate with them instead of other platforms like Coinbase or Kraken.

Previous news, Trump Media and Technology Group (TMTG) announced that they have reached a preliminary cooperation intention with Crypto.com, planning to launch a series of ETFs and related products through their financial technology brand Truth.Fi, expected to be officially launched in 2025, pending final agreement and regulatory approval.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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