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Crypto.com CEO Urges Regulatory Scrutiny After $19B Liquidation Event

Crypto.com CEO Urges Regulatory Scrutiny After $19B Liquidation Event

Author:

Global Cryptocurrency

Published:

2025-10-13 10:08:02

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BTCCSquare news:

Crypto.com CEO Kris Marszalek has called for immediate regulatory intervention following over $19 billion in liquidations across cryptocurrency exchanges during the October 10-11 market turmoil. The executive specifically demanded investigations into platforms that allegedly restricted trading access during peak volatility.

"Regulators should conduct forensic reviews of exchanges with abnormal liquidation volumes," Marszalek stated via Twitter. Key concerns include potential artificial slowdowns of trading platforms, price discrepancies against market indices, and inadequate AML safeguards. The CEO emphasized that such extreme liquidation events demonstrate the critical need for robust consumer protections in digital asset markets.

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