Binance’s SAFU Bitcoin wallet held about 7,500 BTC after a transfer of 7,499 BTC linked to a hack, according to Cointelegraph. The report says Binance also released reserve proof and gave no timeline for restoring the $1 billion fund.
Disclaimer: News content is based on public news sources and provided for information only. It does not constitute investment advice.
Binance’s SAFU Bitcoin wallet held about 7,500 BTC after a transfer of 7,499 BTC, Cointelegraph reported on Nov. 2, 2026. The report linked the transfer to a hack. It also said Binance released reserve proof alongside the disclosure. The source did not specify a timeline for restoring the $1 billion fund.
SAFU stands for Secure Asset Fund for Users, a Binance reserve fund intended for user protection. The report describes SAFU as a $1 billion fund, and the Bitcoin wallet now holds roughly 7,500 BTC. Because the transfer was 7,499 BTC and the remaining balance is about 7,500 BTC, the movement represents roughly half of the wallet’s prior Bitcoin holdings. The remaining balance is therefore a concrete measure of the fund’s current Bitcoin allocation, even as the report leaves the replenishment path unspecified.
Binance released reserve proof after the transfer, according to the report. Proof-of-reserves disclosures typically provide a point-in-time view of assets held by an exchange or fund. The Cointelegraph report did not include details on the proof’s methodology, scope, or whether it covered the SAFU wallet specifically. Such disclosures are used by exchange users and counterparties to review disclosed asset backing, but the source provided only limited information about this release.
The report says there is no timeline for restoring the $1 billion fund. It also does not describe how or when the transferred Bitcoin might be replaced. The disclosure frames the move as tapping about half of the SAFU Bitcoin holdings, making the scale of the transfer the central fact. Binance’s reserve proof release adds a separate disclosure item, but the report does not connect it to a specific replenishment plan.
Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a transfer of 7,499 BTC, according to Cointelegraph. The report says the transfer was linked to a hack and that no timeline was given for restoring the $1 billion fund.
SAFU is Binance’s Secure Asset Fund for Users, a reserve fund intended for user protection. The report describes it as a $1 billion fund and focuses on the Bitcoin portion held in the SAFU wallet.
The report says Binance released reserve proof alongside the SAFU transfer disclosure. Such proofs generally give a point-in-time view of assets, though the Cointelegraph report did not detail the methodology or scope of this release.
No. According to the report, Binance did not provide a timeline for restoring the $1 billion fund. The source also did not describe a specific plan for replacing the transferred Bitcoin.
Binance Transfers 7,499 BTC From SAFU Wallet
What the SAFU Bitcoin Balance Represents
Reserve Proof and Its Transparency Limits
Open Questions Around Replenishment
This article is rewritten from public news sources and further processed by AI. It is provided for information only and does not constitute investment advice — refer to the original source for the authoritative version.
The transfer was 7,499 BTC, and the wallet held about 7,500 BTC afterward. On those figures, the movement represents roughly half of the wallet’s prior Bitcoin holdings.
