Binance converts 100% of its emergency fund to USDC for improved stability

2024-4-18 10:56

Exchange Binance has converted 100% of its Secure Asset Fund for Users (SAFU) assets to stablecoin USD Coin. The firm established SAFU in 2018 as an emergency fund for customers during extreme situations.

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Smart Investment Fund Token (SIFT) на Currencies.ru

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Источник: invezz.com

fund safu → Результатов: 25

Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?

Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.

2024-5-2 16:45
fund safu binance exchanged diversified billion portfolio

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Binance converts assets of its SAFU insurance fund into Circle’s USDC

Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting…

2024-4-18 10:14	USDC
insurance fund safu binance converting usdc assets

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Justin Sun launches ‘SAFU’ fund after HTX $8m hack

Justin Sun, HTX advisory board member, introduced the SAFU fund after the platform had suffered a $8 million security breach.

2023-9-26 15:42	justin sun
justin fund htx sun safu had platform

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HTX launches SAFU fund following $7.9 million Ethereum loss

HTX global adviser Justin Sun said the exchange has created a secure asset fund for users (SAFU) following the $7. 9 million exploit of its hot wallet on Sept. 24. SAFU serves as a financial safety net earmarked to reimburse investors in the unfortunate event of asset losses resulting from hacks or other unforeseen incidents on […] The post HTX launches SAFU fund following $7.

2023-9-27 15:00	justin sun
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Justin Sun amplifies security with new SAFU fund following HTX Global hack

News of HTX Global losing 5,000 ETH following a hack dominated the crypto market on Monday, 25 September. Meanwhile, the loss of Ethereum tokens worth about $8 million has forced the firm’s advisor, Justin Sun, to announce new policies to manage similar occurrences.

2023-9-27 10:58
global htx hack justin following sun new

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BNB Reacts with 12% Growth After SAFU Fund Topping: Crypto Market Review, Nov. 25

Short-term rally was enough to bring hope back to investors, but there's still long way to go

2022-11-26 02:50
hope back bring investors enough way long

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Binance tops up SAFU fund to $1B USD after Bitcoin volatility

In the face of alarming BNB Volatility, Binance has topped up its emergency Insurance Fund ‘SAFU’ with over $700 million to safeguard its funds. Binance tops up SAFU fund The world’s largest cryptocurrency exchange platform, Binance, has topped up its…

2022-11-10 22:46	volatility
binance fund safu topped volatility tops million

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Binance tops up emergency fund to $1b

Binance’s Secure Asset Fund for Users (SAFU), which was worth $1 billion in January this year, now amounts to $735 million due to the deteriorating market. The world’s biggest crypto exchange by trading volume wrote on its website that it had topped the SAFU balance back to $1 billion.

2022-11-10 18:11	Press Release
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Binance tops up SAFU fund at $1 billion amid price fluctuations

Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on.

2022-11-9 13:37	sam bankman-fried
billion binance funds insurance exchange off ftx

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Binance Tops Up Emergency Insurance Fund 'SAFU' to $1B After BNB Volatility

Binance token-related addresses were topped up with over $700 million in different tokens.

2022-11-10 10:06	Business
binance topped million tokens different addresses 700

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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 BTC, BUSD, and BNB that secures exchange users’ interests and aims to back victim users in a possible theft. The SAFU funds are gathered, […]

2022-3-16 20:12
users funds safu billion binance exchange back

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Binance’s Secure Asset Funds for Users reaches $1 billion valuation!

Binance recently announced that its Secure Asset Fund for Users (SAFU) reached the valuation of $1 billion. The platform had established the emergency insurance fund in July 2018 in order to protect tThe post Binance’s Secure Asset Funds for Users reaches $1 billion valuation! appeared first on AMBCrypto.

2022-2-10 17:15	SPN News
billion binance users valuation asset secure fund

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Сумма средств в страховом фонде Binance выросла до $1 млрд

Криптовалютная биржа Binance объявила об увеличении размера активов до $1 млрд в фонде Secure Asset Fund for Users (SAFU), призванном защитить средства пользователей в экстренных случаях. #Binance has updated its Secure Asset Fund for users valued at $1BN.

2022-2-1 14:01	#биржи
binance secure fund users млрд asset фонде

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Binance user protection insurance fund reaches $1B valuation

Binance started the Secure Asset Fund for Users (SAFU) in 2018 by allocating 10% of the trading fee.

2022-2-2 10:49	Cryptocurrencies
fund binance safu users asset secure trading

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Binance увеличила размер активов в страховом фонде до $1 млрд

2022-2-1 20:00	фонды
binance secure fund users млрд asset активов

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Binance SAFU Fund to Compensate Clients of the Cover Finance Hack

Binance is setting aside $10.1 million from their SAFU insurance fund to compensate clients who suffered losses from the Cover Finance exploit as per a statement on Dec 31. $10 Million to Cover Victims and Binance Clients In what is a reprieve–and an additional cover of what Binance clients would receive from the Cover FinanceRead More

2021-1-2 15:00
cover binance clients million finance safu fund

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Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million.

2019-5-26 22:30	Changpeng Zhao
binance bnb million coin crypto exchange hack

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Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community.

2019-5-8 21:39	Privacy & security
binance such bitcoin transaction may miners btc

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Binance Becomes Victim of a Hack, Loses $40 Million Worth Bitcoins

Coinspeaker Binance Becomes Victim of a Hack, Loses $40 Million Worth BitcoinsIn a massive security breach, online hackers managed to steal 7000 BTC tokens from Binance's hot wallets.

2019-5-8 10:35	Coinbase
binance worth loses million victim becomes hack

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7,074 BTC Stolen from Binance; Support Pours in and Loss Will be Covered

Binance has suffered a $41 million theft from its hot wallet as hackers withdrew 7,074 BTC, but SAFU fund should cover losses.

2019-5-8 10:13	News
074 binance btc hackers wallet hot withdrew

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На Binance подтвердили системный сбой и его быстрое устранение

На криптобирже Binance был отмечен сбой, из-за которого система на пару минут вышла из строя. Чанпен Чжао заверил, что это связано с «Secure Asset Fund For Users» (SAFU). Генеральный директор Binance, Чанпен Чжао, быстро разместил в своем аккаунте в Твиттере информацию о сбое в системе на своей биржи.

2019-2-11 10:19	Binance
binance сбой чжао чанпен устранение быстрое системный

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Excolony ICO

EXC is a new centralized exchange that applies a publicly verifiable off-chain matching engine to handle the massive trading volume and support complex orders. In addition, we will spend 5% of Excolony capital and 10% of annual profit for secure Asset and Fund of User (SAFU).

2018-10-2 15:24
excolony spend orders complex addition capital asset

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Syscoin: Chain “Fully Operational as per Design” After “Irregular” Trade Activity

On July 3, 2018, Binance suspended all trading and withdrawal services due to "irregular" Syscoin (SYS) trades carried out "from a number of API users. " The exchange has since resumed all activities, according to a blog post.

2018-7-5 20:11	Digital assets
syscoin binance said dimichele users had sys

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Binance Creates ‘SAFU’ Fund After Outage Becomes Marketing Gold

Cryptocurrency exchange Binance has reopened after what officials described as “irregular trades” led the platform to suspend activity July 3. Binance To Create ‘SAFU’ Fund In a summary of the events, Binance said the unusual trading came from “a number of API users,” triggering its internal risk management system.

2018-7-5 21:00	Exchanges
binance fund safu 8216 users trading becomes

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Биткоин-биржа Binance запустила фонд для защиты пользователей после инцидента с Syscoin

Крупнейшая по объемам торгов криптовалютная биржа Binance создала фонд Secure Asset Fund for Users (SAFU), который позволит защитить средства пользователей площадки в экстренных случаях. Решение было принято после зафиксированных на площадке необычных сделок с использованием API-ключей.

2018-7-4 14:54	безопасность
пользователей площадки фонд binance api-ключей представители использованием

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Circle and Binance partner to bolster USDC adoption

Circle, the issuer of US dollar pegged stablecoin USDC, and Binance, the world’s largest cryptocurrency exchange by user and trading volume, have announced a groundbreaking partnership. The companies revealed the strategic partnership on December 11 at the Abu Dhabi Finance Week.

SUI hits all-time high as Copper adds USDC support

Sui, the layer-1 blockchain platform, has seen its native token’s value rise to a new all-time high of $4.40, with gains of over 16% in the past 24 hours. The blockchain network, which has witnessed significant growth across its DeFi, gaming, and real-world assets ecosystems, ranks as the 20th largest cryptocurrency by market. Per CoinGecko […]

Trump Media files trademark for crypto payments platform ‘TruthFi’

TruthFi is expected to be a crypto payment and trading service although no official announcements have been made.

MiCA: Winners and losers of new EU crypto laws as deadline looms

MiCA will finally give crypto firms in Europe clear rules of the road to follow — but it could potentially threaten the dominance of the world’s biggest stablecoin issuer. December 30 is shaping up to be a big day in…

Crypto liquidity rises as Ripple gears up to enter the stablecoin market

As Ripple tests the waters with its new stablecoin project, the broader crypto market is currently experiencing a sharp rise in liquidity, particularly driven by stablecoins. Notably, Ripple is on the verge of penetrating the stablecoin space with the introduction…

UK High Court recognizes Tether’s USDT as property in landmark ruling

In a pivotal decision, the High Court of Justice for England and Wales has officially recognized Tether’s USDT, the world’s largest stablecoin by market capitalization, as property under English law.

Latin America’s Nubank sunsets trading of its Nucoin crypto

Brazilian Nubank has abruptly halted trading of its Nucoin cryptocurrency, citing a need to protect users from potential market volatility. Digital fintech Nubank is closing its cryptocurrency, suspending immediately all trading within its app. In a Sept. 10 blog post,…

2024-4-18 10:56

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