Binance co-founder He Yi clarified SAFU Bitcoin acquisitions use internal exchange funds, stressing transparency and flagging misleading public claims about wallet transactions.
On February 2, Binance co-founder He Yi addressed community concerns over Bitcoin purchases for the Secure Asset Fund for Users (SAFU), clarifying they are made internally within the exchange using its own funds. She urged users to understand Binance’s operational processes and emphasized that certain public reports on SAFU wallet activity were misleading. The SAFU fund remains a $1 billion reserve in USD Coin on the Ethereum Virtual Machine, with no recorded balance changes.