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Crypto.com Kills DAT Stock Plan as CRO Drops 70% and Executives Walk
['James Thorp']
The Currency analytics
Community Trust ScoreVerified 97 % Real Verified 30 votesCrypto.com pulled the plug on its multi-billion dollar digital asset treasury stock plan over the weekend, blaming rough market conditions.
The DAT stock — short for digital asset treasury — was supposed to be the largest publicly traded CRO treasury company in the world.
Staking rewards for CRO tokens are getting cut too, effective September 10.
Crypto.com cited challenging market conditions for scrapping the digital asset treasury stock, which was intended to be the largest publicly traded CRO treasury company in the world.
How are Crypto.com staking rewards changing in September?