As of August 26, 2025, blockchain investigator ZachXBT claims that Crypto.com has concealed a major past incident, generating community concerns and calls for greater transparency.
ZachXBT's Allegations
ZachXBT posted on social media alleging that Crypto.com has not disclosed details of a serious incident. Despite the gravity of the claims, specifics remain undisclosed due to restrictions on further detail. Conor Grogan from Coinbase engaged with ZachXBT, confirming that the incident was unrelated to Ethereum transfers or stablecoin reserves, highlighting a potential cover-up by Crypto.com.
Reactions from the Crypto Community
The crypto community expressed concern over these allegations, as transparency is crucial in the sector. Past controversies, like the re-issuing of CRO tokens, have already prompted scrutiny toward Crypto.com. The lack of an official acknowledgment raises questions about the integrity of the platform, leading to heightened calls for transparency from the public.
CRO Price amidst Allegation Controversy
In light of the undisclosed incident claims, Cronos (CRO) is trading at $0.21 with a market cap of $7.12 billion. However, the trading volume has surged over 1,000% in the past 24 hours, indicating strong investor interest. The resilience of CRO suggests continued confidence in the cryptocurrency, despite emerging controversies.
The assortment of allegations against Crypto.com underscores the need for clearer communication with users. The crypto community expects transparency and accountability from the platform to restore trust and contribute to improved regulatory standards in the industry.
