Onchain Sleuth Zachksbt accuses Cripto.com of Cro Supply manipulation

Cripto.com is facing Cripto Community criticisms after a rebuat from 70 billion Croin’s tokens combusted 2021. years. Critics said that the move undermines the principles of decentralization and transparency in the Cryptocurrency.

The controversy broke out 25. Marta after once investigator Zachkbt published on K, accusing Cripto.com re-pickups of Kronosa (Insert) Chips that were declared permanently removed from circulation. “CRO does not differ from fraud,” said Zachkbt, claiming that the re-amount was 70% of the total bid and opposed to the community expectations.

“Your team just released 70b Cro a week ago, which previously been on fire” forever “in 2021. years (70% of the bid) and it eliminated countries in the community how to control most offers,” he added.

The transfer followed that it was already news Trump media signed An unedited agreement with CRIPTO.COM will launch American funds traded Funds CRIPTO (ETFS) via CRIPTO.com’s brokerage dealer, Forussic Capitol.

“Uncertain why the truth would choose a partnership with your exchange over a wait, Kraken, Gemini, etc. After this move by your team,” Zachkbt added.

Suddenly increases circulating token supply can dilute the value of existing tokens, leading to reducing prices due to supply and demand mechanics.

Cripto.com Reacies CEO to return

In response, Cripto.com General Manager Kris Marszalek said that the move is necessary for support for investment growth in the new political climate in the United States. “Cronos and Crypto.com worked for years,” Marszalek said during the 25th March of AMA on X, adding:

“Original token from K1 2021. was a defensive move. We have made a lot of sense. We now have a strong support of the new administration, the war on Kriptou is almost (…) need for aggressive investment.”

“This is what the community wants, it’s like thinking for thinking when we should think in dollars,” he added.

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Concerns depending on management and decentralization

Critics also collected concerns that the voting process that allows transmission transmission maybe it’s manipulated.

19. Marta, the cointelegraph reported to GitHub users claimed Exchange validators control up to 70% of voice power on the block, giving them the opportunity to roll over the voices of the community.

According to the Nuptial sources Laura Shin, Cripto.com allegedly control 70% -80% of the total voice power, basically removes the need for management voice.

Marszalek is from 19. Marta entered X point out The financial and regulatory stability of the company was followed in the course of controversy compared to 70 billion cronos token re-publishing.

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Cripto.com Original discovered Token 70-billion token Sagoreva in the present blog in February 2021. year, referring to it as “the largest token in history” with the aim of “completely decentralize the network” on the start of Cro Mainnet.

“They aligned with our belief, and with CRO Crlo launching the main network, we fully decentralize the chain network,” Published on the blog, announced the immediate ignition of 59.6 billion tokens.

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