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HomeCoinsCrypto.com Cronos (CRO) Price Tanks 28% Following Proof-of-Reserve Concerns

Crypto.com Cronos (CRO) Price Tanks 28% Following Proof-of-Reserve Concerns

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Crypto.com is the latest centralized exchange to be thrown into the spotlight a week after the collapse of the FTX group. Its native token, CRO, has tanked almost 30% in a day.

The Crypto.com exchange and wallet provider is getting some scrutiny from the crypto community.

On Nov. 13, analytics provider ‘Lookonchain’ did some digging into the reserves of Crypto.com. What it discovered has raised eyebrows but is not all that surprising.

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