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Binance expects to partially deploy SAFU fund within 24 hours after $6.3 billion breach
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The Binance Crime Exchange will send half of its SAFU reserve fund to cover losses following a large-scale hacker attack. The remaining 50% will remain in the user protection fund for new emergencies, as reported by Yi Hae's co-founder on social network X.
The broker has also committed to making new purchases to replenish the SAFU fund Source: Binance moves billions for its portfolios, publishes new proof of reservations and promises to release sacks on day 1 See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram and YouTube.
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