SAFU Fund (Secure Asset Fund for Users) — is a special insurance reserve created by the cryptocurrency exchange Binance in 2018. Its purpose is to protect users in the event of unforeseen incidents, such as hacking attacks or major technical failures.
🔑 Key points:
SAFU is formed through transfers from the Binance exchange (a portion of trading fees is regularly moved into this fund).
The fund’s assets are held in reliable cryptocurrencies (BTC, BNB, USDT, etc.).
If the exchange suffers significant losses, the fund is used to reimburse users for their losses.
This increases traders’ trust and shows that Binance assumes financial responsibility for client security.
🔑 Key points:
SAFU is formed through transfers from the Binance exchange (a portion of trading fees is regularly moved into this fund).
The fund’s assets are held in reliable cryptocurrencies (BTC, BNB, USDT, etc.).
If the exchange suffers significant losses, the fund is used to reimburse users for their losses.
This increases traders’ trust and shows that Binance assumes financial responsibility for client security.