Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
Binance has reportedly used about half of its SAFU bitcoin reserve, valued at roughly $580 million, according to on-chain data. The user protection fund is now below the $800 million threshold that the exchange's own rules set for a top-up, and no timeline for refilling it has been given. Since publication, BTC is down 0.4%.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.22% since the news
Price at the news$76,767.26
First hour after−0.24%
Since the news−0.22%
Volume that hour1.0× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.