Changpeng Zhao: Binance has recharged the user security asset fund to the equivalent of US$1 billion

According to ChainCatcher news, Binance founder Changpeng Zhao tweeted, “In order to adapt to recent price fluctuations, Binance has recharged the Security Asset Fund for Users (SAFU) to the equivalent of US$1 billion, with BUSD and BNB addresses approximately US$700 million, BTC Address approximately $300 million.

It is reported that the Security Asset Fund for Users (SAFU) is an emergency insurance fund established by Binance in July 2018 to ensure the safety of user funds. When the fund was established, Binance committed a percentage of transaction fees to grow them to significant levels to protect users. (Source link)