Can the ETF market trigger the next Lehman event?

My intention is not create a panic but to highlight hidden risks and “the fineprint” that is usually disclosed but not properly evaluated.

In a post “Are ETFs, trackers that Fintech can turn into Trucks with no Breaks?” I look at the main risks packaged in ETFs. My focus was on the liquidity and counterparty risks that are inherent in the Creation/Redemption process (the secret magic sauce for ETF creation) through the involvement of the Authorized Participants (AP).