Crypto.com CEO Demands Exchange Probe After $20 Billion Liquidation Catastrophe

Kris Marszalek has called for a regulatory investigation into cryptocurrency exchanges following a staggering $20 billion in liquidations within a 24-hour period. The unprecedented sell-off has prompted Marszalek to question the fairness of trading practices on major platforms, urging regulators to examine potential issues like trading slowdowns, mispricing of assets, and inadequate compliance controls during extreme market volatility.