Crypto.com CEO: Authorities need to investigate exchanges in the event of large-scale forced liquidations

According to News1, the recent large-scale forced liquidation incidents have led to opinions being raised that authorities should investigate some cryptocurrency exchanges.
Crypto.com CEO Chris Marszalek said on X on the 11th (local time), "When the market suddenly changes, some exchange systems
"The authorities must investigate whether there have been any cases where users were unable to make transactions due to outages or reduced functionality."
The CEO said, "We are monitoring the transaction to see if the transaction price was consistent with the market index.
"We must confirm whether the information separation system between the internal trading team and general users is working properly," he said.
"We need to examine whether the system was structured in such a way that the two companies could work together," he said. "Many users were affected by the $20 billion liquidation. The role of the regulatory body is to protect consumers.
"We must protect the integrity of the market and ensure the integrity of the market," he added.