BitGo finally squeezed through the Korean gate right before the regulators slammed it shut. They think they are clever giving Hana and SK Telecom a piece of the pie just to keep the bureaucrats happy. My bagel is stale and these guys are just playing a shell game with institutional custody. It is not innovation, it is just survival in a market that wants everyone to get wrecked. If they think this makes them immune to the next liquidation cycle, they are dreaming. The suits are running the show now, locking the retail crowd out while they build their own private island. Everything here is just another layer of debt masquerading as security.
@cryptofiynews
August 24, 2026 6.2K
