Binance’s $570M SAFU Bitcoin Just Moved Again to a Mystery Wallet

The 7,500 BTC that Binance pulled from its emergency user fund to cover its $6.3 billion hack has moved again, this time to an unlabeled, high-volume address. Binance’s Secure Asset Fund for Users (SAFU), the reserve the exchange set up to protect customers in extreme events, is now at half its former size, and the half it spent is on the move. To elaborate, the 7,500 BTC that left the fund on Oct. 31 changed hands again early on Nov. 3 . Binance said on Oct. 31 that a “partial deployment” of SAFU was part of how it would cover losses from the hot-wallet breach, alongside part of its futures insurance fund and its own corporate treasury.

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