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Mike Novogratz Airs Claims of El Salvador’s BTC Holdings Being on FTX.
CEO of Galaxy Digital, Mike Novogratz, has aired claims on Crypto Twitter, noting that El Salvador’s Bitcoin (BTC) holdings were on the embattled FTX.
Amidst the distressing FTX situation that has rocked the foundation of the cryptocurrency space, billionaire Mike Novogratz mentioned that he had heard claims that El Salvador’s BTC holdings were stored on FTX, prompting concerns as FTX has paused withdrawals amidst insolvency risks.
Novogratz made a comment while speaking on a CNBC Squawk Box episode on Thursday, as he weighed in on the panic pumped into the space by the FTX saga and the ultimate effect on the cryptocurrency scene.
“I read – I don’t know if it’s true – that the El Salvadoran government’s crypto was on FTX, and they’re calling for the extradition of Sam,” Novogratz remarked.
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— db (@tier10k) November 10, 2022
Besides the claim of El Salvador’s cryptocurrencies being on FTX, Novogratz also noted that the fallout arising from the FTX issue is likely to be deep. Notwithstanding, he mentioned that it would not stop the community from “holding together” regardless.