Following a recent market crash triggered by US tariffs on China, Crypto.com CEO Kris Marszalek has called for regulatory investigations into exchanges experiencing heavy liquidations. Over $20 billion was liquidated in the 24-hour period, significantly impacting Bitcoin and Ethereum prices. This event raised concerns regarding transparency and compliance with trading practices. Crypto.com’s CEO is particularly interested in examining the anti-manipulation controls and compliance procedures of exchanges like Hyperliquid and Bybit, which suffered substantial losses. Marszalek questions if these exchanges properly maintained control against market manipulation during this chaotic period. 1.6 million traders experienced significant losses across Bitcoin, Ethereum, and other leading cryptocurrencies. Binance addressed depeg instances affecting certain assets, resulting in necessary liquidations. They are now examining user accounts for compensation to address concerns around fair trading practices and operational integrity. Exchanges’ operations are now facing scrutiny as regulatory bodies may initiate investigations into these firms. This situation highlights the critical importance of robust anti-manipulation protocols during market crises. The potential outcomes of these investigations could significantly impact how exchanges operate in the future.