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 trade executions reflect market index prices
- Examine trading surveillance systems
- Review anti–money laundering (AML) frameworks
Certain exchanges intentionally slowed down trading systems during the crash
The Crypto.com chief questioned whether internal trading desks are truly separated from external market operations, which could raise conflict-of-interest concerns.
Author's summary: Crypto.com CEO urges investigation into exchanges after $19B crash.