There were rumors trending that El Salvador may have been a victim to the recent bankrun by FTX. Since many funds and institutions have funds stuck on the exchange, it was no surprise many thought so.
Billionaire Mike Novogratz mentioned this as well in an interview with CNBC earlier today
Apparently, he got the info from a parody account mimicking DB who shares one of the fastest moving news in crypto
To quell this misinformation, CZ tweeted citing that he had a call with the El Salvadorian president, Nayib this morning, and he confirmed that they had no exposure to FTX
“we don’t have any Bitcoin in FTX and we never had any business with them. Thank God!”
President Nayib
The full extent of the effect of EFTX’s collapse is yet to be known
