Binance hack breakdown:
~$6B total stolen
$2.5B+ already frozen
$3.3B left to cover
Biggest exposures:
• $1.42B in $BTC
• $879M in $ETH
SAFU fund holds ~15K $BTC — enough to cover most of the $BTC loss
Binance can absorb this, but watch for:
• Liquidity pressure on majors
• Regulatory heat incoming
• Market confidence test
If SAFU gets deployed, it's bullish for trust but bearish short-term as they dump reserves to make users whole
~$6B total stolen
$2.5B+ already frozen
$3.3B left to cover
Biggest exposures:
• $1.42B in $BTC
• $879M in $ETH
SAFU fund holds ~15K $BTC — enough to cover most of the $BTC loss
Binance can absorb this, but watch for:
• Liquidity pressure on majors
• Regulatory heat incoming
• Market confidence test
If SAFU gets deployed, it's bullish for trust but bearish short-term as they dump reserves to make users whole
