Data: Binance's $1 Billion SAFU Fund for this time has been prepared a year ago

On January 30, on-chain data, historical announcements, and tweet content show that Binance’s $1 billion Secure Asset Fund for Users (SAFU) has been transferred from its old address to the new SAFU wallet address (0x420) referenced in an announcement one year ago. All funds were moved as USDC, and no further actions have been taken to date. Per Binance’s official updates: - In January 2022 (early-to-mid the last bear market), the exchange stated its SAFU Fund held $1 billion in assets, including BNB, BTC, USDT, and TUSD. - On November 9, 2022 (the bottom of the last bear market), Binance noted the market downturn had cut the fund’s value to $735 million, and it would boost holdings to restore the fund to $1 billion (comprising $700 million in BUSD/BNB and $300 million in BTC). - In April 2024, Binance announced all SAFU assets would be converted to USDC to maintain stability. Launched in July 2018, the SAFU Fund safeguards user assets in extreme scenarios (e.g., hacks, security vulnerabilities, or unforeseen events). It only covers losses for affected users, not daily operations. It previously fully compensated users in two incidents: the May 2019 hack (7,000 BTC) and the December 2020 infinite minting attack (10.1 million USD).