# BitGo CEO says Clarity failure exposed capital markets to potentially worse-than-Lehman risk

https://mins.news/en/item/83440

- The Block, 2026-10-02 12:28 UTC
- Economy
- Original: https://www.theblock.co/news/regulation/2026-10-02-mike-belshe-bitgo-interview-clarity-417560

> BitGo CEO Mike Belshe warned that Clarity’s failure exposed a systemic risk created when one firm combines exchange, brokerage and custody functions, potentially posing a threat worse than Lehman’s collapse.

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