Binance

Binance user protection insurance fund reaches $1B valuation

Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation. The user protection

Binance has amassed a total of $1 billion in insurance funds to compensate floor users in the event of a hacking incident.According to a statement posted on

Binance created the SAFU

Binance created the SAFU, now valued at $1 billion based on the opening prices of Janu, as an emergency insurance fund to protect users' interests.

Binance Converts $1 Billion of Emergency Fund to USDC - CCN.com

Binance Holdings Ltd. announced that it had built a $1 billion insurance fund for its users amidst a series of cyberattacks against its platforms, according to a company memo.

Binance

Binance Tops up Its Insurance Fund to $1 Billion - TradingView

Binance’s CEO said the world’s largest cryptocurrency exchange increased its Secure Asset Fund for Users (SAFU) to $1 billion again. This comes as a result of the

Binance Establishes $1B Insurance Fund To Safeguard Assets Amid

Binance aims to improve the

SAFU insurance fund for Binance users reaches $1 billion mark

Binance aims to improve the reliability of its emergency fund (SAFU) by converting its holdings to USDC. This move highlights a broader trend of strategic changes

Binance Raises $1 Billion Towards Personal Insurance Fund

Topping up SAFU to $1B