Cryptocurrency Q&A
When did the first Binance SAFU happen?
When did the first Binance SAFU happen?
Maria
Wed Nov 20 2024
|
7 answers
1312
The first Binance SAFU (Secure Asset Fund for Users) incident occurred in May 2018, when the exchange suffered a security breach resulting in the theft of 7000 BTC. Binance announced that it would use its SAFU fund to cover the losses incurred by users due to this incident.
7 answers
IncheonBeautyBloomingRadianceGlow
Fri Nov 22 2024
On July 3, 2018, Binance made a groundbreaking announcement.
Was this helpful?
98
27
Lorenzo
Fri Nov 22 2024
The announcement pertained to the establishment of the SAFU fund.
Was this helpful?
293
34
ethan_thompson_psychologist
Fri Nov 22 2024
SAFU stands for Secure Asset Fund for Users.
Was this helpful?
265
44
Eleonora
Thu Nov 21 2024
Binance is a prominent player in the cryptocurrency exchange market.
Was this helpful?
200
71
Federico
Thu Nov 21 2024
It boasts a significant user base and handles vast amounts of digital assets.
Was this helpful?
142
86
Load 5 more related questions
