.Binance token-related addresses were topped up with over $700 million in different tokens, while a bitcoin address was funded with $300 million. By shauryamalwa.
"To adjust to recent price fluctuations, #Binance has topped up the #SAFU insurance fund to $1 billion USD equivalent again," Zhao tweeted.
SAFU is an emergency insurance fund that was established by Binance in July 2018 to protect users' funds. When the fund was established, Binance committed a percentage of trading fees to grow it to a sizable level to safeguard users. The fund's value fluctuates based on the market and SAFU fund wallets comprise BNB, BUSD, and BTC.
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