#保持SAFU Holds SAFU Keeping SAFU: How does Binance build a "safety shield" for user assets with 1.75 billion USD?

In the crypto world, "safety" has always been the core anxiety of users. Binance's SAFU fund (Secure Asset Fund for Users) has delivered a "turnaround" report over five years: from the 2019 hacking incident that averted disaster, to the fund's assets soaring to 1.757 billion USD by 2024 (an increase of 76%!), how has it become an industry benchmark?

① Birth and Evolution in Crisis

In 2018, Binance pioneered the SAFU mechanism, allocating 10% of every transaction fee to an independent fund dedicated to user compensation in extreme situations. During the 2019 hacking incident, SAFU fully covered the loss of 7,000 BTC (approximately 40 million USD), validating its "safety net" capability for the first time.