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🚨 Binance moves $100M worth of $BTC into its SAFU
Fund On-chain data shows ~1,315 BTC transferred from a Binance hot wallet to the SAFU Fund at ~$77K per $BTC.
(Source:@arkham)
SAFU (Secure Asset Fund for Users), launched in 2018, is funded by ~10% of trading fees and designed to protect users in extreme events like hacks or system failures.
The fund currently also holds ~$1B in $USDC reserves.

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