Bitunix Increases Its Care Fund to $50 Million, Further Strengthening User Protection

Cryptocurrency exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available to support users in exceptional situations. The company has also identified the fund’s new on-chain address, providing a way to track the reserve on the blockchain. The Care Fund is designed to help protect user assets and support compensation for unexpected incidents that require an exchange-level response. These include abnormal events, not routine market outcomes. Any potential compensation depends on the circumstances of the incident and the outcome of the investigation. The increase brings the fund to $50 million USDC. According to Bitunix, the reserve already covers the full value of its hot wallets, adding another layer to the exchange’s existing asset protection measures.

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