Crypto Exchange Insurance Funds Explained: What They Really Protect Against
You’ve probably seen exchanges boast about their “Insurance Fund” or “SAFU” as proof your money is safe. The name suggests something like FDIC insurance for your
SAFU (Latest Publications)
Whale Wallet Strikes Once More — and Bitcoin’s Price Drops on Cue
TL;DR Whale wallet deposited 8,200 BTC, about $559 million, into Binance over two days in 48 hours, and analysts say such inflows often precede selling. After
$1B SAFU Conversion Complete: Binance Moves Entire Reserve Into Bitcoin
TL;DR (70 words total) Binance completed a $1 billion SAFU conversion into Bitcoin, adding a final 4,545 BTC and taking the reserve to roughly 15,000 BTC
SAFU Grows as Binance Buys $233M in BTC Amid Oversold RSI
Binance added roughly $233 million worth of bitcoin to its Secure Asset Fund for Users (SAFU), according to onchain data shared by Lookonchain.
Binance Bolsters Investor Protection, SAFU Fund Buys Additional 1,315 BTC
TL;DR Binance added about 1,315 BTC to its SAFU fund as part of a plan to convert $1 billion of reserves into Bitcoin. The BTC move was an
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