✉news BusinessCrypto first seen 1 d ago, last 22 h ago, peak #5
Binance's SAFU Insurance Fund Holds $1.27 Billion in Bitcoin
Original: Binance's SAFU fund holds $1.27B in Bitcoin, sits on about $270M profit
Binance's Secure Asset Fund for Users (SAFU), the exchange's emergency insurance reserve, currently holds $1.27 billion worth of Bitcoin and carries roughly $270 million in unrealized profit. The disclosure offers a look at the size of the fund that backstops user assets in the event of a security incident, and highlights how much of the reserve is concentrated in Bitcoin rather than stablecoins or other assets.
Why now: Crypto traders are focused on exchange solvency and insurance reserves amid ongoing concerns about platform risk.
Evidence
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