Web3
BitGo CEO says Clarity’s failure left capital markets exposed to risk potentially worse than Lehman
The Block·October 2, 2026·1 min read
BitGo CEO Mike Belshe warned that Clarity's failure left capital markets exposed to systemic risks potentially worse than Lehman. He highlighted dangers from one firm holding exchange, brokerage, and custody functions. The concentration of these roles could amplify financial instability, according to Belshe, urging industry attention to such structural vulnerabilities.
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