Crypto: El Salvador Denies Its Bitcoins Were Crushed in FTX Crash

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The Street

By Luc Olinga The country has bet on cryptocurrencies by investing in bitcoin. The fall of former trader Sam Bankman-Fried’s crypto empire has taken the crypto industry by surprise. FTX.com, his cryptocurrency exchange, and Alameda Research, his trading platform, are on the verge of bankruptcy, confirmed on November 10 by Bankman-Fried, whose personal fortune has completely disappeared. On the morning of November 8, the 30-year-old was a billionaire thanks to FTX, which was valued at $32 billion in February, and Alameda. His fortune was, at the time, estimated at $15.6 billion. A few hours lat…

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