CRO Surges on Trump News, but Then Gets Mired in ZachXBT Fraud Allegations

3d ago•

bullish:

bearish:

CRO's Rollercoaster: 50% Price Surge Follows Fraud Claims

CRO’s price has surged by half in less than two days.
Crypto sleuth ZachXBT accuses the Cronos team of a fraudulent scheme.
The allegations surface right after Crypto.com’s partnership with Donald Trump’s Truth Media.

The price of CRO, the token for the Cronos blockchain, saw a dramatic 50% increase in under 48 hours. This rapid climb comes as prominent crypto investigator ZachXBT has made serious fraud allegations against the Cronos team.

In a post on X, ZachXBT accused the team behind Cronos of orchestrating a fraudulent scheme. He specifically claimed that the Cronos team secretly reissued 70 billion tokens that they had publicly burned in 2021.

According to ZachXBT, this action defied the community’s wishes and allowed the team to gain control over the majority of the token supply.

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