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The proposal by Cronos to recover 70 billion destroyed CRO has been approved by voting, but the voting process has been questioned by the community

The proposal by Cronos to recover 70 billion destroyed CRO has been approved by voting, but the voting process has been questioned by the community

Bitget2025/03/18 01:11

News on March 18th, voting data on Mintscan shows that Cronos's proposal to restore the destroyed 70 billion CRO tokens was approved with a support rate of 62.18%. The proposal suggests restoring the 70 billion CRO tokens destroyed in 2021 to establish Cronos strategic reserves and will update network parameters and token allocation in the Cronos POS V5 upgrade.

In addition, according to Un Chained reports, before March 16th, there were slightly more votes for than against this proposal but it had not yet reached the required legal number of people at 33.4%. Just before voting ended, an additional 33.5 billion CRO tokens were added to those in favor category reaching the legal number of voters and far exceeding the highest voting rate.

Sources say that problematic votes came from a large validator operated by one CEX (including Starship, Falcon Heavy, Electron, Antares and Minotaur IV), which controls between 70-80% of total voting rights. One token holder spoke about final results on Telegram saying "They voted almost at last minute. Now they have created a precedent that other projects can follow."

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