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As crypto companies expand their services, they increasingly face financial risks similar to banks but without regulatory safeguards. A recent PYMNTS report highlights how these firms handle customer funds, enable transactions, and offer yield products yet operate outside the protections traditional banks are required to maintain.
This lack of oversight leaves users vulnerable. Recent platform failures have resulted in billions lost or locked away, with no clear path to recovery. Experts warn that the absence of compliance standards, reserve requirements, or federal insurance means crypto users are often left defenseless.
Bezalel Eithan Raviv, CEO of Lionsgate Network, notes: These firms act like banks but aren’t held to the same standards. When users lose funds, they have nowhere to turn until recovery experts like us step in.
Lionsgate Network continues to help victims trace stolen assets and build strong cases for recovery while pushing for tighter regulations and smarter user protections.
