Crypto
Crypto.com Slashes Rewards for CRO Holders Again
Crypto.com's proprietary token, CRO, has seen its rewards slashed by up to 25% for new lockups, marking the latest in a long series of changes to its terms.
The move is part of a years-long pattern of roadmap changes, reduced payouts, and penalized retail holders for the benefit of institutional partners.
Since November 2021, the price of CRO has declined by 93% from its all-time high, with a 75% drop over the past year due in part to an initiative to make America the world's capital of crypto.
Crypto.com's Cronos blockchain also experienced issues with basic infrastructure uptime, erasing hours of activity today.