Binance spends half its SAFU bitcoin to cover the $6.3B hack

Two transfers on Oct. 31 cut the balance of Binance’s SAFU wallet in half to 7,500 BTC. The exchange tapped the fund to help pay for its $6.3 billion hack. Two transfers six minutes apart halved the emergency fund The address 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD has seen 1 BTC move out at 14:45 UTC. At 14:51 UTC a 7,499 BTC payment followed. The two transfers were included in blocks 973983 and 973984. Two dust deposits were detected at 18:23 and 18:29 UTC. The confirmed balance is now 7,500.00136678 BTC. That’s about $577 million at ~$77,000 per coin. In February, Binance completed moving the ~$1 billion fund from stablecoins to Bitcoin with 15,000 BTC left on the address. The address has seen ~32,918 BTC in its lifetime.

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