Legal action against crypto.com because of the swap

[Anonymous No.22138212]

Just wanted to give a heads up to anyone who had invested in MCO before their swap to CRO was announced.
I've seen this link posted on a few telegram channels.
Basically, a group of people have formed an alliance to go after crypto.com since the swap violates EU laws.
Check their website https://cdcalliance.com/ and join their telegram for more information: crypto_com_issues

Has anyone already looked into this or joined already?

[Kris No.22138401]

There will NEVER EVER BE A SWAP!!!

[Anonymous No.22138505]

>>22138212
Bunch of butt hurt whiners. Lawsuit will get thrown out, they will lose not only their coins, but the money they waste on legal fees.

[Anonymous No.22138562]

>>22138505
what do you base this on?
the EU articles they refer to on their website seem fitting to me

[Anonymous No.22138579]

It probably won't go anywhere but I don't hate what they are doing. Personally I have no real problem with them migrating to one token. I do think that we got an unfair swap rate and there is a reasonable cause to believe they suppressed the price with locked up MCO

[Anonymous No.22138645]

>>22138505
crypto.com will be sued in the EU. If this is brought up to regulators, they have no choice to have crypto.com suspend business in the EU till it is solved

[Anonymous No.22138769]

>>22138579
I agree that one token makes sense. If only CDC could have handled it differently, instead of delivering the mess we got now.
It's hard to tell what comes out of this. I find it interesting that even CDC have stated in their blog post about the swap that they may deliver additional CRO to certain swap program participants, over and above the amount of CRO derived from the official formula.

[Anonymous No.22138912]

>>22138645
I'm from the EU and I still have some funds on there. So you're saying those could be frozen if they are hit by a law suit?
Not sure how far those guys are with their case but I might consider moving some more funds off the platform.

[Kris No.22139059]

Yah Kris, exactly that will happen :))))

[Anonymous No.22139070]

>>22138212
The swap would've gone fine if they'd notified their users beforehand instead of finding out after waking up. They could have also given all previous owners of the coin the equivalent amount rather than "grandfathering" them into the new program where they'd have to buy more if they want to unstake and restake later. There were arguments where if they did that then a lot of people would sell, but they've shown with MCO that they're willing to suppress the price when needed/wanted, so that shouldn't matter, especially when they own just under 83% of the supply.

[Anonymous No.22139335]

>>22138212

[Anonymous No.22139581]

>>22139335
Not really what this thread is about but I agree.