Crypto.com's Secrets:
What the Exchange Isn't Telling Us.
Who Is Kris Marszalek?
Is
Crypto.com Insolvent?
The Domain
AI.com cost
Exactly 70billion CRO.
[More on
ai.com in the next article.]
Kris Marszalek, CEO of
Crypto.com, faces scrutiny as the company reissues 70 billion CRO against community wishes, raising fears of insolvency and echoes of his past at Ensogo, an e-commerce firm that collapsed in 2016.
Crypto.com and the Cronos ecosystem.
The
Crypto.com unburn debacle reissued 70 billion CRO tokens. This decision increased the total supply from 30 billion to 100 billion, with the additional 70 billion CRO vesting over ten years—a move that has sparked contention and dissatisfaction among holders.
Only a handful of CRO holders, primarily
Crypto.com and Cronos Labs (the architects of this proposal
@kentimsit,
@mircroz ,
@Fwiz) wanted it to sail through despite the majority
(
#Crofam ) opposing the reissuing of the 70 billion CRO.
These tokens were “burned” and removed from circulation during the Golden Era of 2021 when
Crypto.com was a dominant force and CRO ranked among the top-performing coins. Unburning them seemed illogical to many and essentially means dilution of the existing supply.
With whales stepping in to vote for the “strategic reserve” against the community’s wishes, CRO prices dropped, sliding 10% immediately.
Fast forward to 2026,
Concerns are now mounting that
Crypto.com, led by CEO Kris Marszalek, might be orchestrating yet another scam to exploit users.
To understand these claims, one must look back at Marszalek’s long and controversial history, tainted by allegations of fraud and questionable business practices.
Alongside Rafael Melo,
Crypto.com’s current CFO, Marszalek faced scrutiny at Ensogo, a company that collapsed in 2016.
The Ensogo Scam-
Crypto.com launched in 2019, but before that, Marszalek and Melo were executives at Ensogo.
Ensogo was an e-commerce platform specializing in flash sales and daily deals, operating across Southeast Asia. It collapsed in 2016, leaving investors and partners in financial ruin.
The platform offered deep discounts on goods, services, and travel, targeting emerging markets like Singapore, Hong Kong, and Thailand. At its peak, it boasted over 600,000 active subscribers and a vast network of merchant partners.
Between 2013 and 2014, Ensogo expanded rapidly, capitalizing on its revenue to onboard more users and attract investors. This aggressive growth was spearheaded by Marszalek, who also fueled investor hype.
Trouble emerged in 2015 when Ensogo was listed on the Australian Securities Exchange (ASX). Filings revealed declining revenue, and the company posted an $11.6 million loss that year.
On June 20, 2016, Ensogo announced it would shut down operations in all markets except Hong Kong. Three days later, on June 23, it closed entirely and delisted from the ASX.
The shutdown left customers unable to redeem vouchers, merchants unpaid, and shareholders—once believers in Ensogo’s vision—empty-handed.
Marszalek resigned in June 2016 and, within weeks, founded Foris Limited, the parent company of
Monaco.com, to create a crypto-backed debit card.
Monaco raised $26 million in an ICO in 2017, roughly a year after Ensogo collapsed.
However, instead of fulfilling its ICO promises, Monaco rebranded to
Crypto.com after purchasing the
crypto.com domain for $12 million. This rebranding introduced a new token: CRO
If
Crypto.com collapses, CRO holders will bear the brunt 💯
Lessons from Marszalek’s Ensogo past, where he resigned just before its downfall, are telling. If
Crypto.com is printing its way out of insolvency, diluting CRO holders, then holders must be on the lookout lest they be rugged