Digital Asset co-founder and CEO Yuval Rooz emphasized that the majority of crypto institutions maintain robust risk management practices, contrary to external perceptions. He noted that systemic risks, such as those seen in the Terra and Three Arrows Capital incidents, are not indicative of industry-wide failures. Instead, these crises were triggered by a small number of highly leveraged players, referred to as "cowboys," who used illiquid assets as collateral, leading to cascading effects.