Binance SAFU fund holds $1.27B in Bitcoin, sitting on $270M profit
Binance's Secure Asset Fund for Users (SAFU), an emergency insurance fund for customers, now holds over $1.27 billion worth of Bitcoin, including approximately $270 million in unrealized profit.
27 billion worth of Bitcoin, including about $270 million in unrealized profit. The fund is called SAFU, short for Secure Asset Fund for Users. Binance created it to cover customers if something goes badly wrong, such as a hack.