According to PANews on October 11, Crypto.com CEO Kris Marszalek wrote on the X platform: "Regulators should investigate the exchanges with the largest liquidations in the past 24 hours and conduct a thorough review of the fairness of trading practices. Are there any exchanges that have slowed down to a standstill, effectively preventing people from trading? Are all trades priced correctly and consistent with the index? What are the transaction monitoring and anti-money laundering procedures set up? Is its internal trading team completely independent? The amount of liquidation reached $20 billion, and many users suffered losses. The responsibility of regulators is to protect consumers and ensure market integrity."According to PANews on October 11, Crypto.com CEO Kris Marszalek wrote on the X platform: "Regulators should investigate the exchanges with the largest liquidations in the past 24 hours and conduct a thorough review of the fairness of trading practices. Are there any exchanges that have slowed down to a standstill, effectively preventing people from trading? Are all trades priced correctly and consistent with the index? What are the transaction monitoring and anti-money laundering procedures set up? Is its internal trading team completely independent? The amount of liquidation reached $20 billion, and many users suffered losses. The responsibility of regulators is to protect consumers and ensure market integrity."
Crypto.com CEO calls on regulators to investigate exchanges with the largest liquidations in the past 24 hours
According to PANews on October 11, Crypto.com CEO Kris Marszalek wrote on the X platform: "Regulators should investigate the exchanges with the largest liquidations in the past 24 hours and conduct a thorough review of the fairness of trading practices. Are there any exchanges that have slowed down to a standstill, effectively preventing people from trading? Are all trades priced correctly and consistent with the index? What are the transaction monitoring and anti-money laundering procedures set up? Is its internal trading team completely independent? The amount of liquidation reached $20 billion, and many users suffered losses. The responsibility of regulators is to protect consumers and ensure market integrity."
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