Secure Asset Fund For Users (Safu)
| Secure Asset Fund for Users (SAFU) is an emergency insurance fund developed by Binance in 2018. The fund is designed to protect Binance users in the event of a catastrophic event, such as a hack or security breach. SAFU funds are held in a separate account from Binance's operating funds, and are only used in the event of an emergency. Binance is one of the world's largest cryptocurrency exchanges, and SAFU is just one of the many ways that Binance protects its users. In the event of a hack or security breach, Binance will use SAFU funds to reimburse users for any losses incurred. SAFU is just one of the many ways that Binance puts its users first. |
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