Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s min...
Tag: SAFU
Arthur Hayes Calls BitMEX Funds “SAFU” Due To A New Feature
BitMEX founder and ex-CEO, Arthur Hayes, took to Twitter on Thursday to announce that the funds on the exchange were completely safe. And, this was due to the release of their full-fledged roof-of-lia...
Is the Binance SAFU Fund Safe? Willy Woo Raises Concerns
Following the FTX and Alameda implosion, Willy Woo – a famous Bitcoin on-chain analyst – has raised concerns over the Binance insurance fund. According to Woo, Binance’s use of BNB coin as part of the...
Binance SAFU Fund Suspiciously Risky With 44% Held in BNB
The Binance insurance fund for users holds a suspiciously high amount of the exchange’s own token, Binance Coin, according to one analyst. Binance established the Secure Asset Fund for Users (SAFU) in...
Willy Woo Raises Concerns On “BNB-Backed” Binance SAFU Fund
Popular on-chain analyst Willy Woo raised concerns over Binance’s Secure Asset Fund for Users (SAFU) Insurance Fund. He believes it’s not safe to put “incidence-correlated BNB” in the SAFU fund. Willy...
Binance SAFU Insurance Fund is 44% Backed by its Own Token
Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens...
Binance raises SAFU to $ 1 billion
Binance’s official blog reads: the Secure Asset Fund for Users (SAFU) has been increased to $1 billion, according to the latest statements. The SAFU is an emergency insurance fund established in 2018...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Bitcoin News
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund – Coinotizia
After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to ...
Binance reassures users by topping up SAFU to $1 billion
The crypto-market turmoil triggered by FTX’s solvency concerns has got the whole industry in a blanket of FUD. Everyone from influencers, traders, and investors are scrambling to take their funds off ...
Binance tops up SAFU fund at $1 billion amid price fluctuations
As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a twee...
Crypto Exchange Binance Raises Its SAFU Fund To $1B Amid Price Swings
Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tensio...
Binance says ‘funds are SAFU’ as exchange temporarily suspends withdrawals
Cryptocurrency exchange Binance has revealed it temporarily halted withdrawals affecting different networks, citing a technical issue. In a tweet posted on August 17, the crypto exchange stated the i...
Binance suspends Bitcoin withdrawals — CZ says funds are ‘SAFU’
Crypto’s Black Monday continues to wreak havoc. Changpeng “CZ” Zhao, CEO of crypto exchange Binance, tweeted that there would be a temporary pause on Bitcoin (BTC) withdrawals. Temporary pause of $BTC...
Elephant Money DeFi Hacked, Are Funds SAFU?
Vladislav Sopov ELEPHANT token lost almost 90% of its value in no time as its team asks holders not to sell Contents “Traditional price manipulation attack” results in $11.2 million lost &...
Are funds SAFU? Mitigating DeFi risk with Aave founder Stani Kulechov
With nearly $13 billion in total value locked, Aave is certainly one of the dominant players in the DeFi lending space. However, as the protocol grows, so too does its risk factor. In this episode of ...
Binance Adds $1 Billion To Its SAFU Funds to Back Users In Case Of Hack
Considering the risk of possible exploit in the network, the giant exchange Binance introduces Security Asset Funds for Users (SAFU) valued at $1 billion. The emergency insurance fund is comprised of ...
Is Polygon safu? Critics: Multisig isn’t secure enough, $5B in jeopardy
Polygon is perhaps the most popular alternative to transacting directly on the Ethereum baselayer (L1), giving users the opportunity to do fast transactions with low fees. Polygon (MATIC) is best know...
Yearn.Finance (YFI) DeFi Was Vulnerable to Flash Loan Attack; Are Funds SAFU?
Vladislav Sopov Yearn.Finance (YFI), a top-league DeFi ecosystem and one of the most overhyped protocols of 2020 DeFi Summer, shared the attack design against its architecture (now fixed) Contents USD...
Binance’s SAFU fund reaches $1 billion
TL; DR Breakdown Binance announces $1 billion milestone of SAFU fund The exchange stores the fund in an offline wallet Binance has made use of the fund in the past Binance has been having a not-so-goo...
Binance Announces SAFU Fund Has Reached $1 Billion – Bitcoin News
Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the...
Binance’s Secure Asset Fund for Users (SAFU) Now Valued at $1 Billion
A few years after launching the Secure Asset Fund for Users (SAFU) initiative, Binance has updated it, and its value rose to $1 billion. This comes amid the growing number of hacks and security breach...