SAFU

Fear_Blind83

Funds are SAFU 🤗

pickleBoy2021

USDT is backed by cash, treasuries, and hard assets. They are top 15 owner of US treasuries. They print for cash. Normal people deposit fiat. You can buy coins. Casino has your cash. Know their PNL. If I transfer coins into your exchange OR OTC. I’m going to print cash to cover. Maybe it’s going on-chain. Liquidity goes up. It’s an outbound sale signal. Volumes have been low. Most exchanges could cover from their balance sheet or operational funds. Funds are SAFU for the big sales.

Every_Hunt_160

All DeFi protocols are at risks of being hacked at any time The only place where funds are SAFU is in a cold wallet. Even that comes with the caveat that that wallet must have never interacted with other smart contracts before.

analiza1992

Binance has that SAFU insurance fund, but don’t rely on it too much.. it’s not a guarantee for your funds in every situation...

timbulance

Funds not SAFU

kvjezar

Funds are SAFU my ass in this case.

Smiling_Jack_

Funds are SAFU?

Smiling_Jack_

Virginity is SAFU?

rusty0004

CZ wants to make X SAFU 😁

minibuddy0

Personally I have been more inclined to trading on CEX especially recently due to similar experience but who knows maybe its time to do away with the old guards and give new projects a chance, take Elixir for example and other recent projects in that category, they might just be able to fix some of the problems If you're one of those guys extremely conscious about insurance, take the recent hack on Bybit that saw support from Bitget and Binance as proofs of a feasible level of insurance on CEXes not to mention some exchanges already have Protection fund and SAFU fund already for their users. This is already getting too long, I guess my point is, don't lose hope, at least not yet.

Needsupgrade

>Ethereum just got looted for $1.5 billion No it didn't . bybit a centralized exchange got looted . Ethereum is SAFU !

Maleficent_Sound_919

Funds are SAFU right

ankhramsiswmriimn

Forget about the threat of Quantum Computing, the North Korean Lazarus Group is behind the biggest hack in crypto history according to ZachXBT. This North Koreans are bad assez, Cold Wallets are NOT SAFU! https://cointelegraph.com/news/zach-xbt-identifies-lazarus-group-bybit-hack-arkham-bounty

Abdeliq

Funds are SAFU but theyre vuln erable to hacking lmao.... This is one reason never to keep funds on CEX

_Commando_

Funds NoT SAFU

dotarichboy

I dont trust anyone who said "your fund is SAFU", except cz.

Odlavso

They are now taking loans to cover withdrawals, this doesn’t look SAFU

trimalcus

But funds are SAFU right ?

BrottegaVeneta

Nah it’s just the market being deep in disbelief and anxious about never getting an alts rebound vs BTC.  Wait a few hours or so, Bybit gonna say they “only” lost 200M they already said YER FUNDS BE SAFU U GUYS market will pump hard again once the over leveraged degens are wiped out after a 96k flash dump. 

fan_of_hakiksexydays

In the case of Binance, our funds were in fact SAFU. In the case of Luna and FTX...not so much.

TLOBTC

No, as long as you keep Wallet A and Wallet B entirely separate (with different passphrases and no direct interaction between the two), sharing your xpub for Wallet A should not associate Wallet B with Wallet A on the blockchain. However, be cautious about external factors like exchange monitoring or sharing of your xpub in other contexts... Stay SAFU!

TLOBTC

Now your friend has a reason for both of you to die... xD Stay SAFU! By the way, it's a good idea :) Additionally, you could add a time lock so not even your friend can access your funds until a year or whatever period you set up.

RealNuocmamt

Binance sold all their ETH, SOL and 94% of their BTC. Then said your funds are SAFU.

UnknownEssence

Before FTX collapse, people loved CZ. "Funds are SAFU" was a meme and CZ had many fanboys.

Intelligent_Page2732

Sell all your Crypto now, funds are not SAFU.

HvRv

Many who say it's not real don't really understand how systems of standardization and security work. If the threat is here, no matter how small, the security systems will need to update. The funny thing about quantum is that just like any other tech it will come to a tipping point where the progress will surge exponentially and you don't want to be on the other side of the stick if bad shit happens. I think Blockchain having a great Quantum narrative can only be a good thing since it will provide a hedge against shit that can happen. So even if banks get fucked you will still be able to have your currency SAFU. Having Blockchain as one true safe haven for your currency is kinda the narrative that got it all started and this might be good pish to secure its place there.

csiklandozas

Can you share some more details? And your friends were SAFU refunded?

Lokiee0077

Just use Binance if someone is new to DeFi. Your funds will be SAFU.

Realistic_Wrap_9767

Funds are SAFU

kopro4

CZ: and btw funds are SAFU

kopro4

Funds are SAFU right?

Lokiee0077

Mine is smaller than yours of $69. I believe my funds are SAFU

kirtash93

Don't forget that funds are SAFU /s

FreyaOystea

Your funds are SAFU and he give a f*ck

Collectibl3

As an Ex-Celcius Customer. DON'T STAKE WITH A CEX. It doesn't matter how SAFU they look. Even if they have a great stock price. I was earning a decent APY on my crypto with Celcius, the CEO held weekly AMAs. Everything looked great. Now I'm looking to get back 70% of 50% of the current value of my crypto. It's not worth the risk. Look into Sushiswap pools or even native staking. Lido is also a decent option. Everything has risks. But always remember, not your keys not YOUR CRYPTO.

Intelligent_Page2732

Also CZ tomorrow: "Funds are not SAFU"

Mr_Bob_Ferguson

>a project literally called SAFUU, wasn’t safe **CZ:** What you say about my SAFU fund? 

Miljenko-i-Manjina

Wallet is SAFU

Ok_Tea4817

But are the funds SAFU?

Backuppedro

Everything you said is bang on accurate. CZ can be so shady. SAFU my ass

Super_Iron6408

I like Binance UX and their liquidity. But I did notice around 6 months back when CZ tweeted Binance were about to buy BTC for the SAFU fund for transparency. It turned out they'd brought it before, not quite so transparent.

Inaeipathy

>Firstly, Binance has a transparent user fund and SAFU fund balance. User funds are overcollaterized, with the value not decreasing over the past days, with all user funds showing 100% or higher collaterization\\ Which is why they never show proof of funds for certain coins, right.

FoxOnShrooms

The fact that the SAFU fund are untouched doesn’t mean that they don’t manipulate the market, god knows how many fund from chinese mafia are into the BNB chain, i just make supposing but can’t trust binance, too much shady stuff going on in there.

Odd-Radio-8500

>Binance has a transparent user fund and SAFU fund balance. I just stopped here to read and relax.

MGoAzul

You don’t think they have other resources that aren’t the transparent user fund or SAFU that could be behind this?

infested33

>Firstly, Binance has a transparent user fund and SAFU fund balance. User funds are overcollaterized, with the value not decreasing over the past days, with all user funds showing 100% or higher collaterization This is the big difference from all other scams and CEXs failures. We can actually see their assets on the blockchain.

LikeFirstLikeSecond

its just really fun to say SAFU outloud

Orgull0

\-There are new US crypto laws regulations to be applied forcing every exchange (even DEXes) to report all the transactions directly to the IRS. \-Powell said we should expect more rate hikes as he essentially wants to crash the economy but that's not going as planned as the economy is still going strong due to the low unemployment rate in the US. \-Moons are holding the price strongly around 0.29-0.35 \-Binance is still SAFU (for now)

No-Elephant-Dies

>SAFU lol guess that had to come up at some point

Kappatalizable

Asia is SAFU from ISIS because of Binance

ShadowKnight324

Your funds are SAFU guy will always win

cubeeless

Make sure funds are SAFU in the meantime.

Dull-Wear-3286

All I want is a little honest and detailed explanation from Binance or CZ, but all he does to counter tackle these issue is tweet stupid things like "4" and "SAFU" which annoys me now, you're running a multi billion dollar company and millions of people trusts your platform, so be professional.

KannMuttLoeppt

Probably it's CZ leaving the sinking ship with customer funds. No, just kidding. Everything's SAFU.

dead-spiral

It does if you're not gaining interest after moving them. Binance already got thousands of BTC hacked once and used the SAFU program to reimburse its users by 100%. Now that fund is much, much higher so why wouldn't they use it this time as well?

dead-spiral

That even go directly to the SAFU fund, as far as I know.. but I'll even be skeptic about that part. I can't understand why there's so much hatred for Binance and then so much love for Kraken..

Onelinersandblues

But man, how will we know if the funds are SAFU?

Breadstronaut

Whether you are the no.1 exchange, no.10 or no.100 exchange. An exchange going under is going to hurt anyone in this spaced directly or indirectly. If Binance wants to continue to be the no.1 throne, they will have to be proactive to ensure funds are SAFU and also innovate. Trust takes years to build and only a second to break. This applies to crypto & non crypto. All in all, wishing you, who is reading this, Godspeed to you.

Onelinersandblues

But are the funds SAFU?

Real-Technician831

Are people really applauding Binance for meeting their legal requirements? Is the bar that low. If an exchange loses customer assets, then the loss in on the exchange. They either have to pay out or go bankrupt. The SAFU fund is the biggest smoke screen ever, they have made an virtue out of an legal obligation.

rodinj

TIL where funds are SAFU comes from

fludblud

Few people know that the SAFU fund was set up AFTER this video and was inspired by it.

Self_Blumpkin

Hhahahahha how have I not seen this before?!?? This is gold. Heat death of the universe… FUNDARU ARE SAFU

M1cahSlash

They still have SAFU

Armolin

We often mock CZ for the SAFU meme, but we also have to admit that when the time came and they had to use the SAFU fund to restitute customers they did. Take a look at LUNA for instance, they had a $1.25 billion dollars LFG (Luna Foundation Guard) that was supposed to be used during an emergency. When UST deppeged instead of using the LFG Do Kwon minted trillions of LUNA destroying the price and didn't use a single dollar from the LFG, instead he evaporated the fund into his own account and went fugitive.

Fear_Blind83

Found the Binance BNB SAFU wallet 👀 1,364,102.149150831147718361 BNB VALUE: $295,664,560.17 https://bscscan.com/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa

RCALovah

So BNB still SAFU? In 2019, Binance wasn't as big as this. It's almost sure at this point that they're doing something shady behind the scenes and only time will tell if they will survive til the next bull market.

mattg1981

>There is no confirmation about that but there are some reasons this could be true. I am not a Binance supporter (I cant even use it where I am geo-located), but until we see on-chain proof this is just FUD. With on-chain proof, it becomes FACT. Plus, as long as they are using their own reserves, there is nothing wrong with them artificially bracing BNB price. If they are using customer assets (SAFU) to do this, then we have huge problems.

DankOcean

It’s SAFU, don’t worry about it. :wink

lotofpic

The moment you hear the word SAFU be sure something is already going wrong.

Agree-Refuse-69

I had a nightmare where i lost everything in FTX, terra luna, celsius and blockfi......then i woke up and remembered I didn't trust any of them from the start and so i still have my $20 and 5 cents worth of MoonRocket SAFU.

KBtrae

SAFU Shits all fucked up.

RedArke

Hey, but aren't my funds SAFU?

puf88

CZ needs to make his daily ‚funds are SAFU‘ tweet

Matth3w_95

How could CZ assure us that funds are SAFU then...

JeffreyDollarz

Meltdown? They just started taking moonpay for today deposits in the USA. Funds SAFU, bro. Trust me.

Kindly-Wolf6919

Sushi funds are SAFU (for the time being).

redeyechris

What is this Binance FUD today? Everybody knows that funds are SAFU.

DankOcean

But the funds. Are they SAFU?

Leggo_1

SAFU funds are made of alot of BNB..

Adorable_Doubt4420

That’s his funds are not SAFU face

puf88

CZ: fund are SAFU

CoolCoolPapaOldSkool

Listening to all this, BNB lies down crying - *funds are not SAFU*

Lokiee0077

Still being SAFU is always better for your future MOONS.

SimbaTheWeasel

But CZ said funds were SAFU :(

BreadnPaper

The funds are SAFU

Miljenko-i-Manjina

Funds are SAFU joins the table too.

goingofftrack

Are your funds not “SAFU”? It will be interesting to see how this plays out.

Maleficent_Sound_919

CZ : BNB are SAFU people!

Aromatic-Turnip-595

Don't worry Binance users. Your funds are SAFU (stored away from you).

Cravensworth_3dux

Well I'm sure that some of these holders might feel the same way if their funds weren't locked in a super SAFU smart contract.

defiCosmos

'SAFU' really means 'Shits All Fucked Up`

Cravensworth_3dux

They used the word SAFU and certain channels are locked to prevent fud... Sounds totally SAFU! Christ.

damittydam

I remember FUNDS ARE SAFU news (memes)

Kenos010

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seldoger47

Sure. I'll just upload them on Google drive and ask my friend to take a photo with his Tecnojust to be sure they're SAFU.

Fancy_Juggernaut_675

If down even more SAFU!

Miljenko-i-Manjina

Funds are SAFU

Delicious-Swan-8440

Tether is milking money left and right every quarter from the higher interest rates. Hope they create a SAFU fund like Binance to safeguard themselves while the times are good.

CoolDragon_Here

Until funds are SAFU this post have sense...