On December 12, Binance will implement a crucial update that involves migrating its SAFU (Secure Asset Fund for Users) address from “0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa” to a new address: “0x420ef1f25563593aF5FE3f9b9d3bC56a8bd8c104”. This transition will be accompanied by substantial transfers of USDC on the Ethereum blockchain, ensuring that users can seamlessly access their assets. Importantly, Binance guarantees that all user funds will remain absolutely secure throughout this process, reflecting the exchange’s commitment to safeguarding client assets. As Binance continues to evolve and enhance its operational frameworks, this update underscores its proactive measures in maintaining a robust security protocol within the rapidly changing landscape of cryptocurrency.
Source: https://en.coinotag.com/breakingnews/binance-update-safu-address-change-and-usdc-transfers-ensures-user-fund-safety/