Binance Investor Protection Fund (SAFU) has surpassed $1 billion

On January 31, Binance announced that its user-oriented Binance “Investor Protection Fund” (SAFU—Secure Asset Fund for Users), which was established in July 2018, has reached $1 billion. The security of the user’s assets. When the fund was established, Binance pledged to allocate a portion of the proceeds to the safeguard fund to ensure that the fund could grow to a sufficient size to protect the interests of investors. Binance stated that the current SAFU of $1 billion is enough to support the asset security of Binance users, and will continue to support SAFU in the future to ensure that SAFU is not less than $1 billion.