70 Billion Tokens Vanished, Then Reappeared? Cronos Scam Allegations Rock Crypto.com!

Controversy has recently surrounded Cronos, the native token of Crypto.com’s network. Accusations of deceptive practices emerged after reports indicated that Crypto.com reissued 70 billion CRO tokens. This move occurred just before a high-profile alliance with Trump Media & Technology Group was announced. Investigator ZachXBT described the action as misleading, comparing it to a scam and questioning the platform’s reliability.

The Cronos scam allegations came as the token experienced a price surge and increased market activity. Trading volumes soared 1,300% to reach $278 million within 24 hours after the partnership announcement. Although some investors remain hopeful about a potential CRO-focused ETF, analysts warn against a sudden token issuance. This controversy has increased concerns over Cronos’ long-term viability and the transparency of Crypto.com.

ZachXBT Calls Out Cronos for Deceptive Practices

Analyst ZachXBT expressed strong concerns on social media regarding Crypto.com’s misleading actions. He explained that in 2021, the firm burned 70 billion tokens to reduce its total supply. Nevertheless, recent findings indicate the platform quietly reissued those tokens, canceling out the burn. This reversal occurred without investor notice, which led to disappointment within the community. Many community members now question the firm’s credibility and overall ethical standards.

CRO is no different from a scam

Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.

Unsure why Truth would chose a partnership with your exchange… pic.twitter.com/XNlusLDdZc

— ZachXBT (@zachxbt) March 25, 2025

The unexpected CRO token reissuance raised fears about the potential weakening of existing holdings. Analysts warn that if unchecked, this act might initiate a “pump and dump” scenario. Crypto.com has not offered a formal explanation, leaving observers uneasy. Some experts suspect that the reissuance aims to boost token prices ahead of future announcements. Consequently, market observers urge caution while awaiting further clarifications from the firm.

Trump Media and Crypto.com’s Controversial Partnership

Trump Media & Technology Group recently announced a strategic collaboration with Crypto.com. They plan to launch exchange-traded funds under the Truth.Fi brand focuses on American assets. These ETFs will include digital assets like Bitcoin, Cronos, and a few additional cryptocurrencies. Crypto.com is expected to offer technological support and custody services for the project; the collaboration targets innovative financial solutions, reflecting current sector trends.

The partnership has drawn scrutiny amid growing debate over Cronos scam allegations. Critics ask why Trump Media & Technology Group selected this platform instead of more established names. CEO Devin Nunes defended the collaboration, emphasizing its role in promoting American innovation. However, timing so soon after the CRO token reissuance has intensified skepticism about the move.

Uncertainty Over CRO’s Future

Despite the immediate price surge following the partnership announcement, experts remain divided on Cronos’ prospects. Some suggest the token issuance controversy may provoke stricter regulations and slow growth. Others believe that a potential CRO ETF might increase short-term interest among traders. CRO price prediction remains mixed, with some expecting stabilization around $0.10 while others foresee a rally toward $1.

The Future of Cronos: Will Cronos Survive the Scandal?

As Crypto.com and Trump Media advance their collaboration, doubts about Cronos intensify among industry observers. If the Cronos scam allegations prove accurate, regulators might soon intervene against the platform. Crypto.com’s ability to restore trust will determine whether CRO sustains its recent surge. This incident stresses the importance of transparency and accountability in digital finance. Many analysts now call for stricter regulations that might be necessary to protect investors.

The current controversy indicates the inherent risks within the digital asset ecosystem. While the prospect of a CRO-focused ETF attracts excitement, it is coupled with significant uncertainties. The supply manipulation controversy serves as a warning amid rapid industry evolution. Thus, market participants continuously observe analysts’ CRO price predictions to make informed decisions.