Binance CEO has denied rumors that El Salvador is stuck with some Bitcoin on the FTX exchange.

After a series of consequences from the insolvency of FTX, recently, there were rumors that El Salvador, the Central American country, is in trouble for holding Bitcoin on FTX.

Immediately, information was spread throughout the forums. There are even rumors that President Nayib Bukele is seeking the extradition of FTX CEO Sam Bank-man Fried along with Alameda Research co-CEO Sam Trabucco.

Binance CEO Changpeng Zhao immediately spoke out, saying that “the amount of misinformation is insane,” and personally contacted President Nayib a few minutes ago. Quoting the head of El Salvador, who told him:

Mike Novogratz, who spread misinformation in an interview with CNBC, has now deleted this comment, apologized to President Bukele and the people of Salvador, and thanked the CEO of Binance.

El Salvador has increased its holdings to 2,381 Bitcoins, which are now worth only $40.1 million at the time of writing and the country’s finance minister recently confirmed that the country has yet to sell any Bitcoins.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Binance CEO Dispels Rumors That El Salvador Holds Bitcoin On FTX

Binance CEO has denied rumors that El Salvador is stuck with some Bitcoin on the FTX exchange.

After a series of consequences from the insolvency of FTX, recently, there were rumors that El Salvador, the Central American country, is in trouble for holding Bitcoin on FTX.

BREAKING:
Mike Novogratz on CNBC:@nayibbukele and El Salvador may have stored their #bitcoin with FTX.

Please god don’t let this be true.

— Satoshi Stacker (@StackerSatoshi) November 10, 2022

Immediately, information was spread throughout the forums. There are even rumors that President Nayib Bukele is seeking the extradition of FTX CEO Sam Bank-man Fried along with Alameda Research co-CEO Sam Trabucco.

Binance CEO Changpeng Zhao immediately spoke out, saying that “the amount of misinformation is insane,” and personally contacted President Nayib a few minutes ago. Quoting the head of El Salvador, who told him:

Man, the amount of misinformation is insane.

I exchanged messages with President Nayib a few moments ago. He said "we don’t have any Bitcoin in FTX and we never had any business with them. Thank God!" https://t.co/CrM5wd24Ha

— CZ ???? BNB (@cz_binance) November 10, 2022

Mike Novogratz, who spread misinformation in an interview with CNBC, has now deleted this comment, apologized to President Bukele and the people of Salvador, and thanked the CEO of Binance.

Apologies to @nayibbukele and the people of El Salvador. I fell for ‘fake news’ and while I mentioned I hadn’t confirmed it, I should have.

Thanks @cz_binance for pointing it out.

I am a huge fan of what you are doing in El Salvador.

— Mike Novogratz (@novogratz) November 10, 2022

El Salvador has increased its holdings to 2,381 Bitcoins, which are now worth only $40.1 million at the time of writing and the country’s finance minister recently confirmed that the country has yet to sell any Bitcoins.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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