Binance’s SAFU fund down to about 7,500 BTC after covering hack losses
Coins mentionedBTC——
DevelopingThe Binance Hack11 flashes · 2 stories
Binance's SAFU emergency fund now holds about 7,500 BTC, roughly half of the 15,000 BTC it held after converting from stablecoins in February, after four withdrawals on Oct. 31 to help cover the $6.3 billion theft. At around $77,000 per coin, the remainder is worth about $580 million. Binance says it will rebuild the fund to about $1 billion but has given no timetable. Source: Bloomingbit, citing CoinDesk