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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.

Binance CEO Dispels Rumors That El Salvador Holds Bitcoin On FTX 3

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.

Source: Nayib Bukele Portfolio Tracker

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Harold

CoinCu News

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.