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 and ensure that they correctly reflect market index prices.
- Examine the trading surveillance systems and anti–money laundering (AML) frameworks used by major platforms.
- Investigate whether internal trading desks are truly separated from external market operations.
Certain exchanges intentionally slowed down trading systems during the crash.
Crypto.com chief called on regulators to examine the issues. Author: Investigation needed.