Crypto treasury firms mirror CDO risks from 2008 financial crisis: Crypto exec

From Trading View

Bitcoin BTCUSD and crypto treasury firms pose similar risks as collateralized debt obligations (CDOs), securitized baskets of home mortgages and other types of debt that triggered the 2007-2008 financial crisis, Josip Rupena, CEO of lending platform Milo and former Goldman Sachs analyst, told Cointelegraph.

Crypto treasury companies take bearer assets with no counterparty risk and introduce several layers of risk, including the competence of the corporate management, cybersecurity, and the ability of the business to generate cash flow, Rupena said.