The SAFU insurance fund is extremely reliable

Binance has the Secure Asset Fund for Users (SAFU), an emergency fund of over $1 billion, specifically designed to protect users' wallets. Established in 2018, this fund is replenished using a portion of trading fees, and it contains assets like BNB, Bitcoin (BTC), USDT, and others. In 2019, Binance was hacked for 57 million BNB, and in 2022, the Smart Chain lost $570 million; Binance used SAFU to fully compensate users, proving to be remarkably stable. I have a friend, Xiao Li, who was at Binance during that time, and he didn't lose a single cent, expressing that 'with this fund, I feel much more secure.' The SAFU insurance fund is extremely reliable

Binance has the Secure Asset Fund for Users (SAFU), an emergency fund of over $1 billion, specifically designed to protect users' wallets. Established in 2018, this fund is replenished using a portion of trading fees, and it contains assets like BNB, Bitcoin (BTC), USDT, and others. In 2019, Binance was hacked for 57 million BNB, and in 2022, the Smart Chain lost $570 million; Binance used SAFU to fully compensate users, proving to be remarkably stable. I have a friend, Xiao Li, who was at Binance during that time, and he didn't lose a single cent, expressing that 'with this fund, I feel much more secure.'