Regulators should investigate the exchanges with the most liquidations in the past 24 hours and conduct a thorough review of their fairness. Have any exchanges experienced slowdowns or even stagnation, effectively preventing people from trading? Are all trades priced correctly and in line with the index? What are their transaction monitoring and anti-money laundering procedures? Are their internal trading teams fully regulated by Chinese regulators? With $20 billion in liquidations, many users have been harmed. Regulators are responsible for protecting consumers and ensuring market integrity.