The post Did They Secretly Re-Mint 70B CRO Tokens? appeared on BitcoinEthereumNews.com.

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 company secretly reissued at least 70 billion CRO tokens that were burned in 2021, against the promise of a permanent token burn. Here is what you should know about the issue!  Why Is This a Big Deal? In 2021, Crypto.com burned 70% of CRO’s total supply, reducing it from 100 billion to 30 billion.  It was Laura Shin who initially revealed that Cronos Labs decided to re-mint 70 billion CRO tokens for a new strategic reserve.   Many CRO token holders have expressed their concerns about the development. A long-time CRO supporter, dismissing the move to re-mint the burned tokens, notes: “A burn is a burn, burnt tokens shouldn;t be brought back to life.” The total circulation supply of Cronos now stands at 27,408,853,450. Its market cap is $2,900,268,360 and its FDV is $10,307,330,727. The new development may make CRO inflationary, reducing its scarcity and potentially lowering its value. CRO has fallen over 91% since its all-time high in 2021.  In the last one year, the CRO market has experienced a drop of 31.2%. Though it has grown by 33.6% in the last seven days, it has dropped by 1.5% in the last 24 hours.  ZachXBT opines that Trump Media is not aware of Crypto.com’s fraud. Anyway, CRO will be a main part of the proposed ETFs, even though Bitcoin and traditional securities will also play an equally important role.   However, the plan requires the approval of regulatory agencies.  The decision to re-mint the burned tokens has been implemented through the community voting…

---

Filed under: News - @ March 26, 2025 11:28 am