Crypto.com faces significant criticism from its community after a controversial governance vote that reversed a massive token burn of 70 billion CRO tokens. The exchange reportedly controlled 70-80% of the voting power, leading to allegations of vote manipulation. CEO Kris Marszalek addressed the situation on social media, focusing on financial stability but failing to respond directly to the community's concerns. Critics argued that instead of reversing the burn, the company could have utilized its recent profits to benefit its community. Despite backlash, the vote approved the formation of a Cronos Strategic Reserve, which is seen as contrary to community interests. Following these events, Crypto.com announced an upcoming ask-me-anything session to discuss the situation further.

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