Binance SAFU Fund Explained
Key Takeaways •Binance SAFU is an emergency fund created to protect users after serious security incidents. •SAFU started from the “funds are safe” meme but later became an official protection fund. •SAFU is different from Proof of Reserves, which verifies 1:1 asset backing. Binance SAFU started from a simple “funds are safe” message by CZ, […]