@marine
Shadow banking makes DeFi look simple.
It moves trillions outside regulations.
It bypasses banks through hedge funds, private credit, and off-balance sheet lending.
It fuels markets but nobody really knows how much risk is buried inside.
The shadow banking sector is worth $200T+
Blackstone and Apollo now rival banks in lending.
Shadow banking even played a major role in the 2008 crash.
The system operates in the dark.
It has less oversight and higher leverage than traditional finance.
If a crisis starts here, regulators won’t see it coming.
DeFi isn’t the real Wild West. This is.
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