Binance safu

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    The Secure Asset Fund for Users (SAFU) is Binance’s new attempt to provide more insurance for its users. 10% of all trading fees that Binance receives will be put into the Secure Asset Fund.

    In spite of having been successfully hacked in the past, Binance does put a lot of effort into helping users recover coins that were unfairly lost. Binance was inspired to take security more seriously after an error caused one syscoin ($0.26) to be traded for 96 bitcoins ($600000).

    Answered on August 8, 2019.
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