ZachXBT’s claims of Crypto.com hiding a significant incident coincide with a new merger announcement with Trump Media, drawing fresh scrutiny over the reissuance of 70 billion CRO tokens.
Blockchain investigator ZachXBT alleged Crypto.com concealed a major undisclosed incident, unrelated to previous issues like ETH transfers. This claim follows Crypto.com’s expanded partnership with Trump Media & Technology Group. The exchange also reissued 70 billion CRO tokens, originally burned in 2021, raising concerns about decentralization. CEO Kris Marszalek defended the move, citing strategic needs. The partnership includes the creation of Trump Media Group CRO Strategy, aimed at acquiring CRO tokens as a digital asset reserve.