Disclaimer - This content is for educational purposes only.ššš
The Binance SAFU (Secure Asset Fund for Users) is an emergency insurance fund established in July 2018. Binance allocates 10% of all trading fees to SAFU to protect users in extreme situations like security breaches. Valued at $1 billion in USDC as of April 2024, the funds are held in cold wallets. SAFU underscores Binance's commitment to user security and trust within the crypto ecosystem.
