At Binance, user funds are always safe.

The Investor Protection Fund (SAFU) was launched by Binance in July 2018 to deal with the loss of user assets caused by extreme conditions or security issues and protect the interests of investors.

In the past few years, Binance has monitored the size of the SAFU fund at any time, and its balance has always been maintained at a level sufficient to ensure the safety of user funds.

In January 2022, Binance announced that the total value of the SAFU Fund will reach $1 billion.

However, affected by the recent market situation, the current value of the SAFU fund is $735 million.

You can click on address 1 and address 2 to check. Both wallet addresses contain a combination of BUSD, BNB and BTC assets.

As of November 2022, Binance has reloaded the SAFU fund to $1 billion.

Binance promises to all users and the crypto-asset ecological community that the SAFU Fund will always remain at a considerable size.

Binance will continue to fulfill this commitment and continue to build the industry.

In addition to protecting the interests of users, SAFU itself also stands for: trust, integrity and transparency.

Retail traders and investors have placed great trust in centralized crypto asset trading platforms.

This is why Binance calls on other centralized exchanges to follow the lead and publish their insurance fund wallet addresses.

Users need to know if they are transferring their hard-earned money into a platform that is secure enough and that remains fully transparent about the management of user funds.

When users deposit funds on Binance and use the products, they can be confident that Binance is responsible for the safety of user funds, and Binance has never acted as a trading company or hedge fund.

Binance heard a loud and clear message from the community: the industry needs more than just meeting user needs, Binance needs to exceed user needs.

It is the responsibility to ensure that users feel safe in the crypto asset ecosystem.

Robust cybersecurity measures are only one part, the other is a safety net that minimizes damage in the event of an emergency.

In the future, SAFU will continue to be an important part of the commitment to ecosystem security, and Binance will keep pace with changing market conditions.

Go to Binance Official Website