Share this article
Binance Tops Up Emergency Insurance Fund 'SAFU' to $1B After BNB Volatility
Binance token-related addresses were topped up with over $700 million in different tokens, while a bitcoin address was funded with $300 million.
Updated May 9, 2023, 4:01 a.m. Published Nov 9, 2022, 7:06 a.m.
Crypto exchange Binance has topped up its Secure Asset Fund for Users (SAFU) to an equivalent of $1 billion worth of various cryptocurrencies, founder Changpeng "CZ" Zhao, confirmed in a tweet Wednesday morning.
"To adjust to recent price fluctuations, #Binance has topped up the #SAFU insurance fund to $1 billion USD equivalent again," Zhao tweeted.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SAFU is an emergency insurance fund that was established by Binance in July 2018 to protect users' funds. When the fund was established, Binance committed a percentage of trading fees to grow it to a sizable level to safeguard users. The fund's value fluctuates based on the market and SAFU fund wallets comprise BNB, BUSD, and BTC.
SAFU addresses hold over $700 million in Binance ecosystem token BNB and Binance USD (BUSD), a stablecoin. The bitcoin address holds over $300 million worth of BTC.
Crypto markets whipsawed in the past 24 hours amid volatile market dynamics due to speculations surrounding prominent exchange FTX's liquidity issues. Speculation surrounding the crypto exchange owned by Sam Bankman-Fried grew so intense that the firm agreed to sell itself to bigger rival Binance - sparking panic among traders.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto’s Machine Learning ‘iPhone Moment’ Comes Closer as AI Agents Trade the Market
Recall Labs, a firm that has run 20 or so AI trading arenas, pitted foundational large language models (LLMs) against customized trading agents.
What to know:
- Specially customized AI trading tools outperformed LLMs such as GPT-5, DeepSeek and Gemini Pro.
- Rather than simply using profit and loss to measure success, AI agents balance risk and reward when faced with a multitude of market conditions.
- As in TradFi, hedge funds and family offices with the resources to invest in the development of custom AI trading tools will be first to reap the rewards.
Top Stories
