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Binance Created The Safu

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 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 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

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

SAFU insurance fund for Binance users reaches $1 billion mark

Binance Has Amassed A Total

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

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 Raises $1 Billion Towards Personal Insurance Fund

Topping up SAFU to $1B

Binance Establishes $1B Insurance Fund To Safeguard Assets Amid

Binance user protection insurance fund reaches $1B valuation

Binance

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