{"id":166751,"date":"2022-11-10T19:37:12","date_gmt":"2022-11-10T19:37:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=166751"},"modified":"2022-11-10T19:37:12","modified_gmt":"2022-11-10T19:37:12","slug":"thank-god-el-salvador-doesnt-have-any-bitcoin-on-ftx-cz-clarifies","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/thank-god-el-salvador-doesnt-have-any-bitcoin-on-ftx-cz-clarifies\/","title":{"rendered":"\u2018Thank God\u2019 El Salvador doesn\u2019t have any Bitcoin on FTX, CZ clarifies"},"content":{"rendered":"<p>False information spreading online suggested that the president of El Salvador, Nayib Bukele, was seeking the immediate extradition of FTX CEO Sam Bankman-Fried along with Alameda Research\u00a0co-CEO Sam Trabucco to answer for their crimes of losing the Salvadoran people\u2019s Bitcoin. <\/p>\n<p>The CEO of Binance, Changpeng \u201cCZ\u201d Zhao, took to his Twitter account to put these rumors to bed, sharing that \u201cthe amount of misinformation is insane\u201d and that he \u201cexchanged messages with President Nayib a few moments ago.\u201d He said that President Buckle told him, \u201cWe don\u2019t have any Bitcoin in FTX and we never had any business with them. Thank God!\u201d<\/p>\n<p>Billionaire Mike Novogratz, who spread the misinformation in an interview with CNBC in a video that has now been deleted, took to his Twitter account to offer an apology to President Bukele and the Salvadoran people, sharing, \u201cI fell for \u2018fake news\u2019 and while I mentioned I hadn\u2019t confirmed it, I should have.\u201d Novogratz thanked Binance\u2019s CZ for \u201cpointing it out.\u201d <\/p>\n<p><strong><em>Related:\u00a0<\/em><\/strong><strong><em>El Salvador\u2019s Bitcoin decision: Tracking adoption a year later <\/em><\/strong><\/p>\n<p>Since 2021, El Salvador\u00a0has reportedly purchased 2,301 Bitcoin (BTC) for about $103.9 million. The Salvadoran government has said it believes BTC is a powerful tool to attract foreign investment, create new jobs and cut reliance on the United States dollar. President Bukele previously mentioned that the primary focus of recognizing BTC was to offer banking services to more than 80% of unbanked Salvadorans. <\/p>\n<p>In the wake of the fallout from FTX\u2019s insolvency issues, rumors began circulating online that the Central American nation of El Salvador, which made history in 2021 by making Bitcoin legal tender, was in trouble because it held some or all of its Bitcoin holdings in FTX.<\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/thank-god-el-salvador-doesn-t-have-any-bitcoin-on-ftx-cz-clarifies\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>False information spreading online suggested that the<\/p>\n","protected":false},"author":3,"featured_media":166750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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