Crypto.com's leader is requesting an investigation into cryptocurrency exchanges following widespread liquidations totaling $20 billion.

CEO's Call for Regulatory Scrutiny

Crypto.com CEO Kris Marszalek has recently called on regulators to investigate cryptocurrency exchanges.

Magnitude of Liquidations

This request follows liquidations totaling $20 billion within the market.

Comparison to Previous Events

The scale of these liquidations significantly surpasses those seen in prior market downturns, even including the collapse of FTX.