Binance Bitcoin SAFU Fund: $1B Safety Net
Binance’s SAFU (Secure Asset Fund for Users) was created in 2018 to protect users during extreme events. Funded by trading fees, it grew into a $1B reserve.
When hackers stole 7,000 BTC in 2019, SAFU covered the losses—proving it works. Now, Bitcoin is central to the fund for liquidity and long-term security.
SAFU ≠ Proof of Reserves: SAFU handles emergencies; Proof of Reserves shows user deposits are backed.
It’s not insurance for personal mistakes but a major industry standard for exchange accountability.
