StakingWarning

Former SEC employee Heather Morgan, known as a crypto analyst, warned of serious risks, comparing liquid staking to a potential 'new Lehman Brothers.' In her opinion, popular platforms like Lido and Rocket Pool, which allow users to stake assets and receive liquid tokens, could pose a threat to the crypto market. Morgan emphasizes the high concentration of staking, where a small number of operators control a significant portion of validators, creating vulnerability in the event of failures or hacking attacks. As of August 2025, the volume of locked assets in liquid staking exceeded $50 billion, which only heightens concerns.