The CEO of Binance, the world's largest cryptocurrency exchange, has warned that troubled sector faces 'cascading effects' after the .Changpeng 'CZ' Zhao issued the warning in remarks on Friday at a conference in , speaking shortly before FTX CEO Sam Bankman-Fried resigned and filed the company for bankruptcy.Zhao, who this week walked away from a proposed bailout of FTX after deciding the company's problems ran too deep, agreed when the moderator compared the fiasco to the 2008 financial crisis, saying: 'I think that's probably an accurate analogy.'
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