Binance taps half its SAFU Bitcoin holdings, releases reserve proof
Summary
Cryptocurrency exchange Binance recently moved a large portion of its emergency insurance fund, cutting its Bitcoin reserves in half. The platform subsequently published proof of its remaining reserves following the transaction.
Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund.
Source: Read the full story at Cointelegraph.com News
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