According to Changpeng Zhao, CEO of Binance, the President of El Salvador – who has previously admitted to buying Bitcoin on his phone while naked – today assured his constituents that the country’s crypto holdings were in jeopardy. security and not on the collapse of the FTX exchange.
In a tweet on Thursday, the CEO of the world’s largest crypto exchange said he spoke to President Nayib Bukele, who denied that the country used FTX to store its Bitcoin.
Rumors swirled earlier today that the Salvadoran government could be exposed to FTX, a crypto exchange that began a colossal crash this week, taking the entire crypto market with it.
Galaxy Digital CEO Mike Novogratz is credited with starting the rumor after asking whether or not the country was exposed to FTX in an interview with CNBC.
But Zhao later said on Twitter, “Man, the amount of misinformation is insane. I exchanged messages with President Nayib a few moments ago. He said ‘We don’t have bitcoin in FTX and we’ve never dealt with them. Thank God!'”
Man, the amount of misinformation is insane.
I exchanged messages with President Nayib a few moments ago. He said “we don’t have Bitcoin in FTX and we’ve never dealt with them. Thank goodness!” https://t.co/CrM5wd24Ha