Binance introduces US$1bn SAFU to protect users in case of security threat

Originally published at: Binance introduces US$1bn SAFU to protect users in case of security threat

Binance has introduced a US$1Billion Secure Asset Funds for Users (SAFU) Holdings, an emergency fund set aside to protect users’ assets in cases of theft. This insurance fund comprises BNB, BUSD, and BTC, geared towards protecting the interests of the exchange’s customers from a possible mishap. The SAFU funds are raised by allocating 10percent of…