Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
Binance has reportedly spent about half of its SAFU fund's bitcoin, roughly $580 million worth. The user protection fund is now below the $800 million level that Binance's own rules set as the trigger for a top-up, and the exchange has not said when it will refill it. Traders may see this as a sign of strain on exchange safety buffers after recent hacks.
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