Binance uses 7,499 BTC from the SAFU fund to cover hacker losses

AI-assisted source summary · not independently verified. Content standards

Binance transferred 7,499 BTC out of the SAFU fund to pay for losses caused by the hacking incident, reducing the wallet balance to approximately 7,500 BTC. The fund's balance is approximately $577 million; Binance has committed to replenishing it to approximately $1 billion but has not announced a timeline.