Joe Lubin States DeFi Matches Traditional Finance, Bitcoin Faces Crisis

Joseph Lubin asserts that leading DeFi projects are as secure as conventional banking, while highlighting Bitcoin's ongoing challenges.

In a recent discussion held at Consensus Hong Kong 2026, Joseph Lubin emphasized that the leading decentralized finance (DeFi) platforms have achieved a level of security comparable to that of traditional financial institutions.

Lubin, co-founder of Ethereum and a prominent figure in the crypto industry, made a strong case for the safety and reliability of 'blue chip' DeFi solutions. He argued that these platforms have matured significantly and are now on par with established banking systems.

In addition to his comments on DeFi, Lubin also addressed the current situation surrounding Bitcoin, stating that the cryptocurrency is facing a crisis. His remarks underscore the ongoing volatility and challenges facing the leading digital currency.