Crypto.com CEO Calls For Investigation After $19B Crash
Crypto.com CEO Kris Marszalek urges regulators to investigate exchanges after a $19B liquidation wave rocked the crypto market.
Marszalek suggested that regulators should look into whether certain exchanges intentionally slowed down trading systems during the crash, making it impossible for users to react or close their positions.
- Verify the accuracy of trade executions
- Ensure that they correctly reflect market index prices
- Examine the trading surveillance systems and anti–money laundering (AML) frameworks
Regulators should investigate the cryptocurrency exchanges that recorded the most liquidations during the massive market crash.
The Crypto.com chief questioned whether internal trading desks are truly separated from external market operations, which could otherwise raise serious conflict-of-interest concerns.
Author's summary: Crypto.com CEO calls for investigation into exchanges after $19B crash.
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