Binance CEO ‘CZ’ Confirms El Salvador’s Bitcoins Not on FTX

Binance CEO ‘CZ’ Confirms El Salvador’s Bitcoins Not on FTX

With a $9 billion shortfall to fill, FTX is fighting for survival.
El Salvador last year approved Bitcoin legal money in the Central American nation.
According to Binance CEO Changpeng Zhao, the president of El Salvador today reassured citizens that their country’s cryptocurrency assets were not on the failing exchange FTX.
On Thursday, the CEO of the largest cryptocurrency exchange in the world tweeted that he had spoken to President Nayib Bukele, who had denied using FTX to hold Bitcoin. There have been rumors this morning that the Salvadoran government may have exposure to FTX, the cryptocurrency exchange at the center of the market’s catastrophic collapse this week.
Mike Novogratz Apologized
It was said that Galaxy Digital CEO Mike Novogratz started the notion when he questioned in a CNBC interview whether or not the government has exposure to FTX. Later, billionaire tech investor Mike Novogratz said he was “a huge fan” of what President Bukele was doing in El Salvador and

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