> For the complete documentation index, see [llms.txt](https://docs.btc1usd.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.btc1usd.com/part-5-risk-and-transparency/what-can-go-wrong.md).

# What Can Go Wrong

* **Bitcoin volatility:** If BTC crashes, redemptions return less BTC.
* **Oracle risk:** Data feeds may fail (we use backups).
* **Adoption risk:** Trust grows through audits and transparency.
* **Custodian risk:** WBTC/cbBTC use trusted custodians; tBTC is decentralized.

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