Key milestones and important events in this wiki's history
1st July 2018
Binance establishes the Secure Asset Fund for Users (SAFU), allocating 10% of all trading fees to protect users.
1st May 2019
The SAFU fund is used to cover all user losses from a security breach where hackers stole 7,000 BTC, valued at approximately $40 million at the time.
1st January 2022
Binance announces that the SAFU fund's value has reached $1 billion, held in a mix of BNB, BUSD, and BTC.
1st February 2026
Binance announces and begins the process of converting the entire $1 billion SAFU fund into Bitcoin (BTC) to improve transparency and reliability.
1st April 2026
Binance confirms it has topped up the SAFU fund to $1 billion, now consisting entirely of Bitcoin.