Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Cronos Token Drops 10% Amid CEO’s Denial of Cyberattack

Cronos Token Drops 10% Amid CEO’s Denial of Cyberattack

Coinlive2025/09/25 16:18
By:Coinlive
Key Takeaways:
  • Cronos token experiences a 10% price drop.
  • CEO denies any cyberattack rumors impacting markets.
  • Market sentiment and sell pressure influence decline.
Cronos Token Drops 10% Amid CEO’s Denial of Cyberattack

Crypto.com’s Cronos (CRO) token dropped nearly 10% on September 22, 2025, following rumors of a cyberattack, which were disputed by CEO Kris Marszalek.

The incident highlights the impact of market sentiment on token value, emphasizing investors’ sensitivity to security perceptions despite lacking evidence of an actual hack.

Cronos (CRO) token dipped nearly 10% on September 22, 2025, following market rumors of a cyberattack. The CEO immediately denied the allegations, emphasizing the security of funds and continued platform operations. This event caused notable market ripples. Kris Marszalek further stated, “There was no security breach or hack…All funds are safe and platform operations remain unaffected.”

Kris Marszalek, CEO of Crypto.com , confirmed no security breach occurred. Intensified selling pressure contributed to the price fall, alongside existing bearish sentiment. This drop underscored the vulnerability of token prices to speculation.

Financial impacts were immediate, as Cronos token price fell nearly 11.45% to $0.1989. Trading volumes surged, reflecting a risk-off sentiment. Understanding Cronos: Overview of the Cronos Coin . This price movement was isolated to the Cronos ecosystem.

The CRO price correction did not extend to other major cryptocurrencies like ETH or BTC. Current on-chain data illustrated the stability of funds, with no suspicious outflows detected, reaffirming the CEO’s public assurances .

Historical incidents imply similar rumors can lead to temporary price downturns. Transparent executive communications often stabilize token prices post-rumor. The present issue reflects those patterns. Here’s what ZachXBT shared about cryptocurrency trends .

Potential regulatory scrutiny remains limited, with no action from bodies like the SEC or CFTC. Technological outcomes might focus on further security measures, ensuring rapid incident response to mitigate market jitters and investor concerns. More information can be found in the Crypto.com Research Roundup .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Upbit Halts Withdrawals After $38.5M Asset Theft on Solana Network

Quick Take Summary is AI generated, newsroom reviewed. Upbit halted all withdrawals and deposits following an abnormal outflow of $54 billion KRW ($38.5 million) in assets on the Solana network. The stolen assets included a broad list of Solana ecosystem tokens, such as SOL, USDC, BONK, JUP, and RENDER. Upbit's parent company, Dunamu, promised full compensation for all affected customer losses using its own corporate funds. The exchange managed to freeze a portion of the stolen funds, worth around 12 billi

coinfomania2025/11/29 06:39

Crypto ETF Inflows Rise as Ethereum and Bitcoin Attract Investors

Quick Take Summary is AI generated, newsroom reviewed. Ethereum ETFs recorded $60.82 million in net inflows on November 26. Bitcoin ETFs saw $21.12 million in net inflows, with Fidelity’s FBTC posting an outflow. ETFs provide easier, safer access to cryptocurrencies for both retail and institutional investors. Steady inflows indicate growing confidence in crypto markets and wider adoption potential.References On November 26, Ethereum spot ETFs recorded a total net inflow of $60.82 million, marking four con

coinfomania2025/11/29 06:21

XRP News Today: XRP's Golden Cross Momentum Faces Challenges as Long-Term Investors Exit

- XRP confirmed an hourly golden cross as two U.S. XRP ETFs drove $164M inflows, boosting price 7.05% to $2.20 amid broader altcoin rebound. - Long-term XRP holders sold 84M tokens (56% weekly increase), signaling profit-taking risks despite short-term accumulation and $3 price targets. - Shiba Inu saw 1.36T SHIB volume spike near support levels, suggesting strong-hand accumulation but failed to break above $0.0000080 resistance. - Bitcoin faces bearish "dead cat" pattern near $90K, with ETF outflows and t

Bitget-RWA2025/11/29 06:16
XRP News Today: XRP's Golden Cross Momentum Faces Challenges as Long-Term Investors Exit