Secure Asset Fund for Users
Secure Asset Fund for Users (SAFU) is an insurance fund run by Binance to protect its users' funds.
**What is Secure Asset Fund for Users (SAFU)? **
The Secure Asset Fund for Users (SAFU) is an emergency insurance fund started in 2018 by Binance to protect its users' funds. Binance pledged a certain percentage of its trading income to support the funds granted into a size large enough to protect its users.
On January 29, 2022, the Secure Asset Fund was valued at US$1 billion based on its opening price. The value of the fund will change depending on the market sentiments. The SAFU fund wallets include BNB, BUSD, and BTC.
**How the Fund Started **
During unscheduled maintenance, the Binance CEO tweeted to users stating:
“Funds are safe.”
Subsequently, the phrase "Funds are safe" was a common phrase for assuring users that their funds were safe.
In 2018, a YouTube content creator uploaded a video on YouTube called “Funds Are Safu.” The word quickly spread and became viral. The community started using the phrase "Funds are SAFU” to show that funds are safe.
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