[Analyst: Risks of Crypto Treasury Companies Similar to CDO Risks During the 2008 Financial Crisis] According to Cointelegraph, Milo lending platform CEO and former Goldman Sachs analyst Josip Rupena stated that the risks posed by Bitcoin and cryptocurrency treasury companies are similar to those of collateralized debt obligations (CDOs), securitized baskets of mortgage loans, and other types of debt that triggered the 2007-2008 financial crisis. Crypto financial companies hold bearer assets with no counterparty risk but introduce multiple layers of risk, including corporate management capabilities, cybersecurity, and the ability of enterprises to generate cash flow.