Crypto.com CEO Calls For Investigation After $19B Crash
Crypto.com CEO Kris Marszalek urges regulators to investigate exchanges after a $19B liquidation wave rocked the crypto market.
Marszalek has urged global regulators to investigate the cryptocurrency exchanges that recorded the most liquidations during the massive market crash on the night of October 10–11, 2025.
Regulators should look into whether certain exchanges intentionally slowed down trading systems during the crash, making it impossible for users to react or close their positions.
He also emphasized the need to verify the accuracy of trade executions and ensure that they correctly reflect market index prices. The Crypto.com chief called on regulators to examine the trading surveillance systems and anti–money laundering (AML) frameworks used by major platforms.
- Investigate trading systems during the crash
- Verify trade execution accuracy
- Examine trading surveillance systems and AML frameworks
Marszalek questioned whether internal trading desks are truly separated from external market operations, which could otherwise raise serious conflict-of-interest concerns.
Author's summary: Crypto.com CEO calls for investigation.