Cronos Token Dips Amid Cyberattack Allegations

Crypto.com’s Cronos (CRO) token saw an 11.45% price drop on September 22, 2025, amid rumors of a cyberattack. The company has not confirmed any security breach. CEO Kris Marszalek addressed these allegations, emphasizing their validity is unfounded. During this period, Crypto.com executed a $150M CRO token burn, intended to reduce supply and alleviate pressures on such strategic moves.

“Crypto.com has executed a $150M CRO token burn to reduce supply and ease sell pressure, as part of an ongoing strategy to enhance network efficiency.” — Kris Marszalek, CEO, Crypto.com

The CRO price drop highlights bearish sentiment and intensified market volatility, with trading volumes surging and heightened sell-side pressure. There were no direct market impacts on major cryptocurrencies like ETH or BTC. The tokenomics changes reflect ongoing efforts to enhance network efficiency through supply adjustments. Market sentiments appear heavily influenced by speculative rumors rather than concrete evidence of a cyberattack.

Past token burns have historically led to temporary price volatility for CRO, often followed by periods of increased trading. While the bearish atmosphere persists, the market may recover as the impact of the supply burn stabilizes. No regulatory or institutional actions have been reported in relation to these events, suggesting the concerns remain speculative in nature. On-chain activities, including GitHub and DeFi protocols, show no emergency responses, supporting current operational normalcy on the Cronos network.