Crypto CEO Calls for Probe into Exchanges Following Record $20 Billion Liquidations

Kris Marszalek, CEO of Crypto.com, has urged regulatory authorities to investigate exchanges following a record-breaking $20 billion in crypto liquidations over the past 24 hours. In a post on X (formerly Twitter), Marszalek raised concerns about potential fairness issues during the crash. He questioned whether trading platforms slowed down, mispriced assets, or failed to implement sufficient anti-manipulation and compliance controls.