Crypto Exchange CEO Calls for Investigation Amid $20 Billion Sell-Off

The dramatic selloff in crypto markets, with over $20 billion wiped out in a single day, has prompted calls for regulatory action. Crypto.com CEO Kris Marszalek urged regulators to investigate trading practices of exchanges that were heavily impacted by the losses. He specifically questions whether some platforms froze trades, mispriced assets, or failed to uphold anti-manipulation controls during the market collapse.