Crypto.com CEO Kris Marszalek has called for a regulatory investigation into the exchanges that have lost the most money by clearing a record $20 billion in the past 24 hours.
In an article on Saturday's X, Mr. Marzalek urged regulators to "conduct a thorough review of the fairness of practices," asking trading platforms whether they experienced slowdowns, mispriced assets or failed to maintain proper anti-manipulation and compliance controls during the crash.
"Regulators should investigate the exchanges that cleared the most in the past 24 hours," he wrote. "Are there any exchanges that are operating so slowly that they don't actually allow people to trade? Are all trades priced correctly and in line with the index?"
Crypto.com CEO calls for investigation into 20 billion dollar post-liquidation exchange
2025-10-12 06:14:30
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