The president of El Salvador, Nayib Bukele, disputed that his country had any cash on the FTX exchange, according to Changpeng Zhao, the CEO of Binance.
In disbelief of the way information gets transformed, CZ pointed out that “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!'”
Zhao posted the tweet (since deleted) in an obvious effort to address remarks made by Mike Novogratz, CEO of Galaxy Digital, while in an interview with CNBC wherein he doubted the extent to which the nation has access to the troubled exchange. As of the time of publication, Bukele had not responded to the contentious conversation on social media.
From 2021, when El Salvador declared Bitcoin (BTC) legal tender, 2,381 of them have been bought. On the basis of current asset values, unconfirmed estimates suggest that the portfolio will have over 60% unrealized losses