Binance taps half its SAFU Bitcoin holdings, releases reserve proof

Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund. Binance’s publicly disclosed emergency Bitcoin wallet held roughly half its previous balance on Monday after the exchange tapped its user protection fund to cover losses from Thursday’s $6.3 billion hack. The exchange confirmed a transfer of 7,499 Bitcoin (BTC) on Saturday, linking it to the partial deployment of its Secure Asset Fund for Users (SAFU).