Beware, new scam or fraud that is probably legal
1 min read
Beware, new scam or fraud that is probably legal.
How it works?
Crypto . com , who are the owners of the Cronos chain will issue wrapped version of the token on the Cronos chain, in this case it was RENDER. After some time, they will stop accepting Cronos version on Crypto . com and disable deposit. With no bridges, token will be trapped on the Cronos chain with no possibility to be swapped or exchanged and very likely de-peg drastically. You will have useless tokens and Crypto . com will get to keep your original tokens.
submitted by /u/J-96788-EU
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