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 has called on global regulators to investigate cryptocurrency exchanges that recorded the most liquidations during the market crash on October 10-11, 2025.
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 they reflect market index prices.
- Examine trading surveillance systems and anti-money laundering (AML) frameworks.
- Investigate whether internal trading desks are separated from external market operations.
The Crypto.com chief aims to address potential conflict-of-interest concerns and ensure market integrity.
Author's summary: Crypto.com CEO urges regulators to investigate exchanges after a $19B crash.