Coinbase News: ZachXBT Labels Cryptocom’s CRO Token a Scam Amid Trump Partnership Controversy

The cryptocurrency world is buzzing with controversy as popular commentator ZachXBT has accused Cryptocom’s CRO token of being a scam. The accusation stems from Cryptocom’s recent partnership with the Trump family and the reissuing of billions of previously burned CRO tokens.

ZachXBT Calls Cryptocom’s CRO Token a Scam After Trump Partnership

ZachXBT has labeled Cryptocom’s CRO token a scam following the announcement of a partnership with the Trump family. Zach criticized the reissuing of 70 billion CRO tokens that were previously burned in 2021, stating that the move went against the wishes of the community. He also questioned why the Trump family would choose to work with Crypto.com over other U.S.-based exchanges like Coinbase, Kraken, or Gemini. According to Unchained’s report by Laura Shin, Cronos Labs proposed to mint 70 billion CRO tokens for a new ’Strategic Reserve’ on March 2.

Massive ONDO Flow: $12.2M Deposited on Coinbase Prime

Two Ondo Finance wallets transferred 13.83 million ONDO tokens worth $12.2 million into Coinbase Prime about four hours ago. These wallets are part of the seven that received 49.41 million ONDO tokens ($35.4 million at the time, priced at $0.717 per token) from Ondo Finance’s multi-sig wallet on September 24, 2024. This move provides insights into Ondo Finance’s token accumulation and Flow management strategies.