Crypto.com CEO Kris Marszalek urges regulators to investigate exchanges after a $19B liquidation wave rocked the crypto market.
On the night of October 10–11, 2025, a massive market crash occurred, prompting Marszalek to suggest that regulators investigate whether certain exchanges intentionally slowed down trading systems, making it impossible for users to react or close their positions.
Regulators should verify the accuracy of trade executions and ensure that they correctly reflect market index prices.
Marszalek emphasized the need for investigation to address potential conflict-of-interest concerns.
He called on global regulators to take action.
Author's summary: Crypto.com CEO urges regulators to investigate exchanges.