Binance Shifts $1B SAFU Fund to Bitcoin as Exchange Claims $6.7B in Scam Losses Stopped
Key Takeaways:Binance Converts SAFU Reserves From Stablecoins to BitcoinRebalancing Rules Aim to Cap Downside RiskHow the SAFU Mechanism Works2025 Metrics Highlight User Protection and Compliance Push
The exchange said it helped users recover funds in 38,648 cases of incorrect deposits, totaling $48 million last year. Cumulative recoveries now exceed $1.09 billion. Binance also claimed it assisted 5.4 million of its clientele with alert and security software, preventing an estimated $6.69 billion in their potential scam-related losses. When enforcement was reached, the company claimed to be collaborating with international law enforcement to lock down $131 million in illegal fund transfers.About Author
