‼️No one wants to believe the exchanges, but the exchanges do not begin to share the secrets‼️

Just two cryptocurrency exchanges have disclosed the details of the contingency insurance fund.

According to their data, only Binance and Bitget agreed to share insurance wallet addresses. At the same time, Nansen recognizes that the disclosure of the insurance reserve does not at all guarantee that the money will be used for its intended purpose.

Following the FTX crash in November 2022, Binance increased the #Binance SAFU Fund from $735M to $1B, and Bitget added $100M to the #Bitget Protection Fund, bringing it to $300M. Crypto exchanges Huobi, OKX, and #Coinbase declined to disclose insurance capital details