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In the last hour, two Binance Secure Asset Fund for Users (“SAFU”) wallets have transferred $1.75 billion worth of BTC and BNB to CEX hot wallets, including:

• 16,277 BTC (~$1 billion)

• 1.364 million BNB (~749 million US dollars)

Notably, the deposits are part of a plan to convert all SAFU assets into US$1.0 billion instead of BNB USDT and TUSD to increase stability and reliability, as announced by Binance earlier today.