*Is Your Fund SAFU?*
If you had funds on Binance before the hack (Oct 29, 20:05 UTC), Binance says you don't need to do anything. They have snapshot of all balances. When withdrawals reopen, your full balance will be there.
SAFU - Secure Asset Fund for Users - Binance ka emergency insurance fund hai.*
*Story:*
In July 2018, Binance ne kaha "Funds are SAFU" - ye ek meme se start hua jab CEO CZ ne typo kiya tha. Uske baad unhone isko real fund bana diya.
*How it works:*
- Binance har trading fee ka 10% is fund me daalta hai
- Ye fund Bitcoin, BNB, USDT aur USDC me store hota hai, alag cold wallets me
- Normal value ∼$1 Billion rehti hai (market ke hisaab se up-down hota hai)
- Agar kabhi hack hota hai, to isi fund se users ko paisa wapas diya jata hai
*Current $6.3B hack me SAFU ka role:*
- Is baar hack $6.3B ka hai, jo SAFU se bahut bada hai
- Isiliye Binance ne SAFU ke saath-saath apne *corporate treasury se $6.34B* alag rakha hai to cover all user losses
- Binance ne kaha hai "All users will be made whole" - matlab har user ka paisa safe hai, SAFU + company funds se cover hoga
- Tether ne $1.57B freeze kiya, Circle ne $800M freeze kiya, baki Binance khud cover kar raha hai
Official SAFU wallet addresses are public - you can check them on blockchain.
#safu #YiHe:ProofOfReserves:10TokensAt100%Backing $AAPLB $NVDAB $MSFTB
If you had funds on Binance before the hack (Oct 29, 20:05 UTC), Binance says you don't need to do anything. They have snapshot of all balances. When withdrawals reopen, your full balance will be there.
SAFU - Secure Asset Fund for Users - Binance ka emergency insurance fund hai.*
*Story:*
In July 2018, Binance ne kaha "Funds are SAFU" - ye ek meme se start hua jab CEO CZ ne typo kiya tha. Uske baad unhone isko real fund bana diya.
*How it works:*
- Binance har trading fee ka 10% is fund me daalta hai
- Ye fund Bitcoin, BNB, USDT aur USDC me store hota hai, alag cold wallets me
- Normal value ∼$1 Billion rehti hai (market ke hisaab se up-down hota hai)
- Agar kabhi hack hota hai, to isi fund se users ko paisa wapas diya jata hai
*Current $6.3B hack me SAFU ka role:*
- Is baar hack $6.3B ka hai, jo SAFU se bahut bada hai
- Isiliye Binance ne SAFU ke saath-saath apne *corporate treasury se $6.34B* alag rakha hai to cover all user losses
- Binance ne kaha hai "All users will be made whole" - matlab har user ka paisa safe hai, SAFU + company funds se cover hoga
- Tether ne $1.57B freeze kiya, Circle ne $800M freeze kiya, baki Binance khud cover kar raha hai
Official SAFU wallet addresses are public - you can check them on blockchain.
#safu #YiHe:ProofOfReserves:10TokensAt100%Backing $AAPLB $NVDAB $MSFTB
