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.