2024-5-2 16:45 |
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin.
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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.
2024-4-18 10:56 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Short-term rally was enough to bring hope back to investors, but there's still long way to go
2022-11-26 02:50 | |
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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 | |
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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 | |
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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 | |
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Binance token-related addresses were topped up with over $700 million in different tokens.
2022-11-10 10:06 | |
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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 | |
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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 | |
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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 | |
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Binance started the Secure Asset Fund for Users (SAFU) in 2018 by allocating 10% of the trading fee.
2022-2-2 10:49 | |
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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 20:00 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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The CFTC warned of another cycle of enforcement actions against crypto firms as investor interest rises.
The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking.