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Cro 365 day lock up scam raises investor outrage

CRO 365-Day Lock-Up Scam Sparks User Outrage | Leap Year Confusion Adds to Frustration

By

Vitalik Buterin

Apr 17, 2025, 03:36 AM

Edited By

Sofia Garcia

Updated

Apr 17, 2025, 04:49 PM

Snappy read

Angry investors expressing dissatisfaction with CRO project lock-up
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A growing coalition of people is pushing back against a glitch in the crypto lock-up system that mistakenly locks investors into contracts for 366 days instead of the agreed 365. This controversy has led to simmering dissatisfaction among supporters, with many now questioning the integrity of the project.

Context of the Issue

On April 15, 2025, a longtime supporter voiced their grievances after their investment was affected by the unexpected extension of a lock-up period. They highlighted that, due to the leap year, their funds should have become available on April 14, but the system erroneously extended it by a day.

"I've tried to work things out for hours with support, and they're useless," the investor lamented.

User Feedback Intensifies

Emerging Themes from Comments

  1. Frustration Over System Errors: Many people expressed anger regarding the extra day in the lock-up period, describing it as a form of "daylight robbery."

  2. Questioning Company Stability: Contributors noted that the company seems unable to manage operational mistakes effectively, leading some to wonder about its financial viability.

  3. Defensive Reactions to Complaints: Users remarked on the dismissive responses from support, stating, "Their only response is we have not heard back yet, will keep you updated."

Captured Sentiments

While the overall sentiment appears overwhelmingly negative, along with voices defending the company's principles, the backlash can’t be ignored. One user humorously remarked, "365 days is 8,720 hours. You were willing to wait 8,720 hours but find it a complete outrage to have to wait an additional 24 hours?"

Key Takeaways

  • ⚠️ Users assert that locked funds contradict contractual agreements.

  • πŸ’° Average losses reported by investors reach around $1,000 due to the unexpected lock-up.

  • πŸ—£οΈ "I’ll be filing a complaint with the CFPB and go from there," stated an investor.

With mounting tensions and the potential for further scrutiny, investors are left questioning how this incident might ripple through their future investments in crypto finance.