This needs your awareness.
I created what I thought was a good thread regarding my discontent with all of the changes that Crypto com had made, and noticed that my thread had to be approved by the mods. Unusual, but ok. Fast forward a couple of hours and it has been removed. They didn't like it, and they clearly didn't like the references made to the past failures of businesses that Kris (their CEO) had involvement in.
Being a free speech advocate, and having some concerns, this felt to me like another red flag, so I feel that it is my duty to post my original content here in the hope that it gets some attention.
Original post that wasn't approved & therefore removed from their subreddit:
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Amid a sea of turbulent threads, it is my turn to finally create one. I am aware that some people will behave in a snarky manner towards me and this thread, but that doesn't bother me. I feel comfortable in making this thread now because I have exited 95% of my position within CDC.
When I signed up to CDC, I invested a 5 digit number (a small part of it went towards the card and the rest of it went into earn), and I continued to pump in a 3 digit number every payday to buy a steady stream of CRO regardless of price action. Why? Because I believed in the company.
Now, as we all know, there have been many months of terrible communication, and cuts made out of the blue to many different areas of the CDC services. I mostly held my silence, but have recently exited the majority of my position.
Why?
If they made the initial cuts to stay economically sustainable, why are there continued cuts? To me, it sounds like there has been a gross miscalculation, and I wonder if they are now making a loss.
I remember a random post from a long time ago that questioned Kris's business track record, so I did a quick Google to remind myself of what all of that was about, and, it is worth a read. I won't post the link as I am not sure if it is allowed, but you can very easily find it.
Make your own judgement.
I consider myself to be a reasonable investor. The majority of my assets are now safe, and what I have left on CDC is a 5 digit number worth of CRO because I can afford to lose it, and - you never know - CDC might be fine and recover well. I'll be there with this position if that happens. However, if CDC shuts down, it will happen too quickly for any investor to react. Kris has witnessed it in his past business ventures, we have witnessed it happen in the crypto sphere around us, and we will all see it happen again - we just don't know where - but we can at least try our best to protect ourselves when cracks begin to appear. This is why I needed to make moves to protect myself. I hope this isn't the end, but as a more risk averse investor, I am out, for now. However, I will be back when the smoke clears and the pastures are greener again, and behind all of that smog, I hope to see CDC still there.
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Because I am now aware of censorship at their subreddit, I'd like to open this up for exposure and discussion here. Thanks for your time.
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