After FTX & Silvergate collapse, SEC looking at unregulated crypto custodians as next systemic crypto risk

It’s time to bring the lessons of TradFi to crypto’s shadow banks, unregulated custodians and offshore exchanges before another FTX or Silvergate failure.

Highlights

• TradFi’s TradFi is an example of how banks are good at leveraging assets and assessing risk.
• Banks are effective at doing things like leveraging assets, assessing risk, and are transparent about the fact that they lend out your money when they do.
• It’s time to bring the lessons of TradFi to shadow banks, unregulated custodians and offshore exchanges before another FTX or Silvergate failure, writes John Defterios, CEO of the FTX and Silvergate, a leading crypto-finance expert at the Bitcoin industry.
• For more information, go to www.btco.com/btcoftftx.com.

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