According to ChainCatcher, Zhao Changpeng responded to the composition of the SAFU insurance fund on his social platform, saying that the SAFU fund is composed of BTC, BUSD and BNB. Since the last rebalancing, the price of BNB has risen faster than BTC. In addition, the $1 billion industry recovery fund will be all BUSD. The holdings of the SAFU insurance fund and the industry recovery fund are fully disclosed on the blockchain.
As previously reported, on November 24, Zhao Changpeng said in a live interview with Bloomberg that Binance will set up a fund of about US$1 billion to purchase non-performing assets in the crypto field. (Source link)