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.
He also emphasized the need to verify the accuracy of trade executions and ensure that they correctly reflect market index prices.
- Examine trading surveillance systems
- Verify anti–money laundering (AML) frameworks
- Investigate separation of internal trading desks from external market operations
The Crypto.com chief called on regulators to investigate the cryptocurrency exchanges that recorded the most liquidations during the massive market crash.
Author's summary: Crypto.com CEO urges regulators to investigate exchanges.
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