Following significant liquidations totaling $20 billion, the CEO of Crypto.com is calling for regulatory investigations into cryptocurrency exchanges, potentially affecting the Bitcoin market.

Significant Crypto Liquidations

Crypto liquidations totaled approximately $20 billion within a single 24-hour period.

Contributing Factors

Token depegs and disruptions within cryptocurrency exchanges were major factors driving this substantial liquidation event.

Industry Response

Kris Marszalek, CEO of Crypto.com, is among industry leaders urging regulators to investigate cryptocurrency exchanges.