How it Started

When Glaxy CN CEO Mike Novogratz suddenly rumoured that El Salvador's bitcoin investment was in FTX, the crypto world and the political economy went into a tizzy.

In the same news, Novogratz even went so far as to say that the President of El Salvador, Nayib Bukele, has demanded Sam Bankman-Fried's extradition, and this news gave Bukele's opponents an opportunity to spread rumours.

Anti Bitcoin Reaction 

The anti-Bitcoin lobby immediately swung into action with their own ideas and rumours against Nayib "Bitcoin" Bukele.

Supporters of the banking system, such as the IMF, promptly declared El Salvador bankrupt and raised calls for Bukele to be jailed for life.

Binance is the world's largest crypto platform, and CZ is a friend of Bukele, so it was obvious that CZ would also get some blame.

Opponents of Binance went a step further by claiming that CZ's move to purchase FTX was part of the process of acquiring El Salvador. 

Bitcoinist Action

Anti-Bukele rumours angered Bukele supporters in El Salvador, they even reprimanded Novogratz.

CZ immediately had a conversation with President NB, which revealed that bitcoin is the true treasure of the country and that it is not on FTX or any other exchange.

Apologic End 

Mike didn't have much to say, so he apologized and thanked CZ, deleting his accusatory post. It turned out to be a very tragic apologic end. And people even mocked him of being a former LUNA fan।l.