#StaySAFU "StaySAFU" on Binance is a prominent hashtag and concept emphasizing the importance of security within the cryptocurrency ecosystem. It originated after Binance CEO Changpeng Zhao's tweet assuring users their funds were "SAFU" (Secure Asset Fund for Users) during a security incident.
Now, #StaySAFU represents a broader movement encouraging users to adopt safe practices. This includes using two-factor authentication (2FA), being wary of phishing scams, securing seed phrases and private keys, and utilizing hardware wallets for long-term storage. Binance actively promotes #StaySAFU to educate its users on risk management and scam prevention, reinforcing its commitment to a secure trading environment. The SAFU fund itself, created by allocating 10% of trading fees, acts as a safety net, reimbursing affected users in case of unforeseen security breaches.