Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
Summary
Cryptocurrency exchange Binance has depleted half of the bitcoin holdings within its user protection fund, according to recent data. The reserve has now dropped below the threshold that normally requires a replenishment, though the company has not yet announced when it will add more funds.
The user protection fund now sits below the $800 million level that Binance’s own rules say triggers a top-up, and the exchange hasn’t said when it will refill it.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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