Глава Crypto.com призывает к тщательному исследованию криптобирж после рекордных убытков трейдеров Translation: Crypto.com CEO Calls for Thorough Investigation of Crypto Exchanges After Record Trade Losses

Regulators must conduct a comprehensive examination of cryptocurrency exchanges where traders incurred the most significant losses during a record liquidation event amounting to over $19 billion. This assertion was made by Chris Marszalek, the CEO of Crypto.com.

In his view, oversight authorities should assess the «fairness» of the practices employed by these platforms.

«Did the operations of any of these exchanges slow down to a complete halt, effectively depriving people of the ability to trade? Were all transactions accurately assessed and aligned with indices? How are trading monitoring and anti-money laundering programs organized?» — Marszalek outlined potential concerns regarding the exchanges.

He emphasized that a vast number of users were affected during the major liquidation event, and the role of regulatory bodies is to protect consumers and maintain market integrity.

According to CoinGlass, the liquidation volume over the past day reached approximately $19.3 billion in the wake of a market crash. Crypto researcher Quentin Francois noted that this figure significantly surpassed those recorded during the collapses triggered by the COVID-19 pandemic ($1.2 billion) and the FTX collapse ($1.6 billion).

The clear frontrunner in forcibly closed positions within 24 hours was the perpetual DEX Hyperliquid, with a total volume of $10.3 billion. Following it were Bybit ($4.6 billion) and Binance ($2.4 billion) with considerable gaps in volume.

«Over 1000 wallets on Hyperliquid were entirely depleted due to the market crash — users lost everything,» stated experts from Lookonchain.

In total, more than 6,300 addresses on the platform faced losses, with cumulative damages exceeding $1.23 billion. Losses for 205 traders surpassed the $1 million mark, with the account named TheWhiteWhale leading the way at nearly $61 million in the red.

Some commentators cleverly played on the exchange’s name by using the term «hyperliquidated.»

Binance acknowledged that a portion of the liquidations was linked to a temporary loss of price stability for three tokens: USDE, BNSOL, and WBETH. Co-founder Yi He assured that the exchange would cover the losses incurred due to its fault.

However, she emphasized that market fluctuation-related losses and unrealized profits would not be compensated.

«The reason why Binance is Binance is that we never shy away from problems. When we fail, we take responsibility — without any excuses or justifications,» stated He.

The top 10 list of platforms for daily liquidation volumes did not include Aster, a Binance-supported platform that has drawn attention for its rapid growth in recent months.

It’s worth noting that the analytics platform DeFi Llama removed data on trading volume for Aster due to suspicions of manipulation.