Reddit Posts
Throwback, to when CZ seemingly confirmed how Binance was preventing BNB to crash below $212 by buying it themselves. Even if this all ends up as “FUD“, Binance most definitely can not be trusted with our Crypto.
Binance is NOT artificially holding up BNB
New Launch Meme Token SupermanIsNotDead $KRYPTӨ
In 2019 7000 BTC was stolen from Binance, it compensated users with its Safu fund. Most other exchanges would have given them a haircut
The current market situation with BNB and the rest of the market is eerily similar to when Alameda was dumping their bags to try and secure FTT Value.
SHIB dev team says 'funds are SAFU' after failed Shibarium launch
[SERIOUS] I read the Kraken's Terms of Service, so you guys don't have to. Better be Safe than Sorry! A heck of a lot better than many other CEXs. Part 2: Kraken
[SERIOUS] I read the Binance Terms of Service, so you guys don't have to. Better be Safe than Sorry!!
Binance CEO Addresses BitForge Vulnerability: Funds Are SAFU
Rumor that Huobi (Tron) executives have been arrested by Chinese authorities
Ark Proyect - This is a project you won't want to miss. Come with us to The Moon and to Mars
$BARBIE erc20 token Moonshot opportunity - Active and working team SAFU
$LIKOIN a revolutionary platform where users can earn real money for engaging in social media activities
LUCID AI | Generate SFW & NSFW Art Using MATIC | Alpha/Beta LIVE July 7th | First Time Users Will Claim Up to 15% of Total Supply Using Web3 App | No Watermarks | Free NFT Mints | Free IPFS Uploads | Competitions | KYC | SAFU | Fully Audited | Liquidity Locked Forever | Discord/Telegram Bots SOON
CatDog ($CADO) - The Next Memetic Sensation Taking Over the BSC
"LUCIDAI | Generate Art Using MATIC | Alpha/Beta LIVE July 7th | First Time Users Will Claim Up to 15% of Total Supply Using Web3 App"
$WEC - Wile E Coyote | Pinksale Presale Live on June 29 15.00 Utc | Audited | Experienced Team
Binance Moves BTC to New Cold Wallet: Funds SAFU
oscarswap com | Sale is Now Live on PinkSale | Staking | Farming | Mobile App | Massive Marketing | KYC | Doxxed | CertiK Audit | SAFU | CEX Listing | End Time 20th June @17:30 UTC | Join Now
$OSCAR | Sale is Now Live on PinkSale | Staking | Farming | Mobile App | Massive Marketing | KYC | Doxxed | CertiK Audit | SAFU | CEX Listing | End Time 20th June @17:30 UTC |
Binance is under attack - get your funds off of Binance
DeeLance | Selling fast | 100x GEM | Presale Ongoing | 1.34 M USDT raised | KYC & Audit | Random & Big Buy Contest | CMC Prelisted
Smiley - The Face of Serious Money - Live on Uniswap
Pepe of Wall Street ($PWS) | Fair Launch on Pinksale | Staking | Kyc'd | Safu badge |Audited
Binance secure asset fund for users (SAFU) is roughly 50% BNB per the Wall Street Journal
OscarSwap | Staking | Farming | Mobile App | Massive Marketing | KYC | Doxed | CertiK Audit | SAFU | CEX Listing | Sale is Now Live on PinkSale | Ends Sale time is 10th June @16:30 UTC
$OSCAR | Sale is Now Live on PinkSale | Staking | Farming | Mobile App | Massive Marketing | KYC | Doxed | CertiK Audit | SAFU | CEX Listing | Join Now Before It's Too Late
$OSCAR | Sale is Live on PinkSale, 9th june @13:00 UTC | Staking | Farming | Mobile App | Massive Marketing | KYC | Doxed | CertiK Audit | SAFU | CEX Listing | Join Sale on Pinksale
Beware of what you read now. Media is on some next level "FUD". In particular, News of Asian origin reports that CZ was confronted by police on counts of kidnapping,robbery and fraud, whereupon he whipped out a AK47 and had a shootout with police. CZ was hit 27 times and was wasted on the spot.
Floppa.Top - Presale | Automatic distribution | Airdrops and more | SAFU
CATAI GPT deployed in the BSC/Get ready the howl of success with Catai Gpt/Break the crypto world /Your Control & Your Decide/ Don't miss this wunderful !
Cavatar | FairLaunch is live on PinkSale | Huge Marketing Plans | Active Community
$BurningPepe - Whitelist Presale live today at 17:00UTC
PEPI LADY Token Listed on Bsc //Builds Yield Farm with dividends for NFT holders// Like, buy, stake to earn from growing Pepi Lady // The opportunity you've been searching for! // Perfect timing! // Super Bullish!!
"PEPissimo: Fairlaunch on Pinksale ends 17:00 UTC - Don't Miss Out!"
Meet with TurboPepe - $VROOM!
DeeLance | 1000x GEM | Presale | 1 Million USDT raised | SAFU, KYC & Audit | Buy Contest |17M MCAP expected | CMC Prelisted
The Simpsons AI | Multichain Wallet with AI integration | LP Locked 100 Years | 0% Tax | Audited | Launching on 26th May
"PEPissimo Meme Coin: Join the Revolutionary Fairlaunch on Pinksale for the Ultimate DeFi Moonshot - Don't Miss Out the opportunity!"
"Introducing Pepissimo Meme Coin: Join the Revolutionary Fair launch on Pinksale for the Ultimate DeFi Moonshot - Don't Miss Out!"
Discover PEPissimo Meme Coin Revolution | The Ultimate DeFi Moonshot | Fairlaunch on Pinksale
Discover PEPissimo Meme Coin Revolution | Fairlaunch on Pinksale | The Ultimate DeFi Moonshot | Don't Miss Out
Dogelon AI_New Launchead | Leading the Future of Crypto with Advanced Innovation that's taking the crypto world by storm! | Are you eager to invest early and hold on tight for the ride? EASY 1000X
Pepe Lady - A Combination of $pepe + $Milady Meme Coin | Presale Starting in less than 5 hours on Pinksale | Kyc'ed and Audited Project
Introducing Sheikh Pepe (BNB) - Join the Hilarious Crypto Journey of Dubai's Meme Prince!
$COOKIE Monster is Now trading LIVE on ERC-20 Network. Secure Your Spot!
What if we get Lambo with memes? The question is not if actually, it’s $WEN! LP locked for 6.9 years, SAFU, doxxed team
Massive Emerging Einstein Coin | MC 250k | 0 TAX | Genius Meme Born
Sheikh pepe | Meme prince of Dubai | Huge Marketing Planned | Presale on 18 May at 17:00 UTC |
SpiderPepe | Launch on PancakeSwap 16 May 14:00 UTC | Low Marketcap (23K) Huge Marketing Plans
SpiderPepe | 2 hours left for Fair Launch on PinkSale | Huge Marketing Plans
CrocoAi | Blockchain-Powered AI-Written Platform | Renounced Contract | 70% Supply Burned | Audited and Kyc | Launching on 17th May
$PEPESAUR | Meme and influencer combo | Strong team with connections at T1 exchanges | Launch in 30 minutes today!
Do you already know the queen of Pepes? Milady PEPE Fairlaunch| Don't miss your spot in this big release where our team aims to break another record!
$BOBO - Bobo the Bear - Bear Market Meme To Become The Next “Pepe” - ERC20 5/12/23 Always DYOR
$BOBO - Bobo the Bear - Bear Market Meme To Become The Next “Pepe” - ERC20 5/12/23
$BENPEPE | Meme and influencer combo | Private sale buyers get twice as many tokens | Strong team with connections at T1 exchanges | Dev's previous project did 982 x
Astropepe the cryptocurrency that will take AstroPepe holding tokens to the Moon! ! No Taxes | Strong Marketing Kyc , Audit Safu| Live on Pinksale Now !
PepeKid | It's an epic moment for their community Experience high APYs by staking their NFTs with no lock Times | NFT minting for PepeKid will be happening today!
Why do we have to go through the same issue with Binance every single time? Binance may be telling the truth,but it's always some shadiness, even when CZ himself warned against the exact same shadiness
SpiderPepe | Fair Launch on PinkSale at 12th May 2023 14:00 UTC | Huge Marketing Plans
Elon Musk cares about this | Just Launched TODAY! We are pleased to announce that Milady Baby is now officially traded on PancakeSwap Start trading now to get your profits |
SAFU token $POOH by @poohmoneyHQ is about to go live in Gate.io. The launch was an overwhelming success with more than $62M raised and over 18K supporters. Let's join $POOH on his journey to a $1 billion market cap! Join the #poohcrew as they enjoy their honey gains.
Buying time for SAFU token $POOH by @poohmoneyHQ! This could be your last chance to buy $POOH in the bottom. DYOR and join their community at https://t.me/poohmoneyHQ to know more about $POOH. Something huge is about to happen.
PepeKid - 3D NFT Staking project with ETH rewards. CMC listing in 1 day, lots of marketing and more to come. This will be the next 1000x Gem
Diamond hand $POOH holders are not shaken by the current dip, they buy more instead. This SAFU meme token has now more than 10K holders and is now supported by major CEX like BitMart, Huobi, and Poloniex. Something huge is about to happen! Join their community now at https://t.me/poohmoneyHQ.
Binance closes Bitcoin withdrawals as the Bitcoin network is experiencing a congestion issue, possibly because someone is trying to raise transaction fees via spam attack
PepeDefi - 0% Tax - BSC - A Decentralized Meme Token that Evolved into a Vibrant Ecosystem
PepeAi - Keep it simple, keep it fee-free with PepeAi.
RFK Jr Endorses BTC 🇺🇸, Biden Proposes BTC Tax 🤡, Monkey Penises Still SAFU 🐒 - Issue #8 of the Bitcoin Breakdown Newsletter is out now!
$AISHIBACEO | Pinksale Presale LIVE Now! Filling fast! | 1000x Meme coin
$GME "We love the token!" - Under 1M market cap!
$AISHIBACEO | Low MC AI Powered Memecoin with 1000x Potential | Pinksale Fairlaunch
Pepe Original Version | The most memeable memecoin in existence. The dogs have had their day, it’s time for Pepe Original Version to take reign. |
[New Project] SmartSafe - Safe, user-friendly crypto storage
Doge Blue - ($Dogeblue) is the first project to propose the best logo for Twitter | 1874 bnb raised on Pinksale | Launch Apr 26 at 13:00 UTC (9am EST) | Audit done | KYC | Logo already on dextools | CMC fast track | Auto burn/Reflections | Staking | NFTs | Many influencers already!
$OPTIG | CatGirl AI | Elon Musk tweet | 50k mcap | 7% Dogecpin rewards | Top YouTube, about to be top trending on biggest Chinese website today! Don't miss out on 1000x! Paid billboards, CMC fast track all coming!
Not Your Keys Not Your Crypto
PHOSISAI I LaunchI Team doxxed & KYD’d & SAFU & Audit I NO team Token I Low Mcap Gem | LP locked
$PAPA - Memecoin for everyone who missed PEPE. | Under 50k mcap| Your chance at 10000x!
$PLEB | The memecoin for plebs | For all the $PEPE missooors | Just got listed on CMC
MOONCEO | Community-driven | Inspired by Elon | Low initial MC | BSC | Presale Live
Red Floki CEO | Elon's Favourite CEO and Puppy | Renounced Contract | 50% Supply Burned | Audited and Kyc | Launching on 21st April
Red Floki CEO | Elon's Favourite CEO and Puppy | Kyc and Audited | 50% Supply Burned | Contract Renounced | Launching on 21st April.,
PHOSIS.AI I Is Launched I Team doxxed & KYD’d & SAFU & Audit I NO team Token I Low Mcap Gem | LP locked
PHOSISAI I Fair Launc I Team doxxed & KYD’d & SAFU & Audit I NO team Token I Low Mcap Gem | LP locked
Tusker Inu | Fair Launch in 15 Minutes | Team doxxed & KYD'd & SAFU & Audit | NO team Token | Low Mcap Gem | LP locked
Crypto tax programs: looking for recommendations and to hear your reviews
The Dice | BET GAME | Fair Launch in 10 Minutes | Team doxxed & KYD'd & SAFU & Audit | NO team Token | Low Mcap Gem | LP locked
Binance will open SPOT trading in roughly 60 minutes, CZ confirmed
Mentions
Binance announced and reported that themselves. They pledged to convert $1bn of their stablecoins into a Bitcoin SAFU reserve and keep it at that nominal value (so buy more if it dips).
Everything that Schrezberatina said. I use Trezor One now. However, I'd like to upgrade it to a Trezor Safe 5. For the seedwords, it defaults to SLIP-39 instead of BIP-39. I'd recommend looking at [Trezor's description of seedwords](https://trezor.io/learn/security-privacy/personal-security-standards/understanding-trezor-wallet-backups-12-20-or-24-words). The 20 word backup gives you a lot more flexibility on how that's set up. During setup, put a good PIN on your Trezor to avoid easy cracking if it falls into the wrong hands. **Do Not Ever** put your seeds on computer. That means no photo. No password file or database. No printer. *Be paranoid!* Don't speak them near a phone or microphone. Don't let a video or security camera observe you while you are recording and saving the seedwords. But you need to save the seedwords. That's the only thing that you do actually need to save. I'd recommend a technique called the [SAFU Ninja](https://youtu.be/3Aj_EHOu9WE) which is basically hand stamping the words into a series of washers. The nice thing about this technique is that it is just a valid regardless of the number of seedwords. So it doesn't matter if you are doing 12, 20, or 24 words. Plus with some of the more advanced options of SLIP-39, you have the option of doing multiple sets (or shards) of seeds and setting a restore option to require, say, any 2 out of 3 sets, etc. So with the SAFU Ninja, you may have (a relatively modest) upfront cost of a stamp set, but then the per use price is very affordable.
I think they keep A) additional coins as SAFU and B) coins for liquidity. Not sure though
" We added +10M more to our SAFU fund, trust us bro"
Sooooo whats happening with Binance???? Are funds SAFU or not SAFU????.... Im withdrawing just in case....
tldr; Binance's SAFU Fund, an emergency reserve for user protection, has converted $734 million into Bitcoin, totaling 10,455 BTC. This move is part of a broader plan to shift $1 billion in reserves into Bitcoin over 30 days. Analysts speculate that SAFU fund reallocations may signal crypto market turning points, as past conversions coincided with significant market rallies. However, the purchases may simply reflect Binance's treasury strategy. The transparency of SAFU transactions provides insight into Binance's risk management during volatile conditions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Binance's SAFU Fund has purchased an additional 4,225 BTC worth approximately $299.6 million, bringing its total holdings to 10,455 BTC. The acquisition is part of a reserve rebalance aimed at enhancing user protection. Binance has committed to transparency by providing onchain references, including wallet addresses and transaction IDs, for tracking fund movements. The SAFU fund, established in 2018, safeguards user assets and currently holds crypto assets valued at around $1 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bringing up Mt. Gox and FTX in 2026 is like saying you’ll never fly a plane because of the Wright brothers' crashes. Those failures are EXACTLY why top-tier exchanges today are safer. They paved the way for Proof of Reserves, multi-billion dollar insurance funds (like SAFU or Bybit’s Protection Fund), and strict regulation that didn’t exist back then. You say 'Not your keys, not your coins' like it’s a magic spell. But tell me: how many people lost everything because they misplaced a piece of paper or got phished on a 'secure' cold wallet? The stats show that **user error** is a much bigger threat to retail than modern exchange security. And about my profile—yeah, I look for the best deals and tools. That’s called being a smart trader, not a 'shill.' I’d rather have 24/7 security and a $1,000 bonus than feel morally superior while my 0.1 BTC sits on a plastic stick doing nothing. Keep your keys if you want to be your own bank manager, IT department, and security guard. I’ll stick to the pros and focus on actual gains.
I appreciate the debate and totally respect that we have different outlooks on this. However, I don't believe Technical Analysis is a guarantee. If it were the 'holy grail' people claim it to be, we wouldn't see ten different analysts drawing diametrically opposed conclusions on the exact same chart. The reality is that the vast majority of retail traders using TA fail to make significant gains because they ignore the underlying plumbing of the market. While people are staring at lines and waiting for a $45k-$55k bottom that may never come, the on-chain data shows a massive supply shock in the making. We’ve seen over 50k BTC leave exchanges this week alone. When institutional whales and funds like Binance’s SAFU are aggressively absorbing spot supply, 'support levels' become irrelevant. Fundamentals and liquidity always eat TA for breakfast. I’d rather follow the money leaving the exchanges than wait for a chart pattern to confirm
tldr; Binance has bolstered its Secure Asset Fund for Users (SAFU) by purchasing $250 million worth of Bitcoin during a market downturn. This acquisition, part of a plan to convert $1 billion in stablecoin holdings into Bitcoin, brings the fund's total Bitcoin holdings to approximately 6,230 BTC, valued at $412 million. SAFU, launched in 2018, serves as an insurance reserve for user protection. Binance's move reflects confidence in Bitcoin's long-term potential despite current market challenges, with 40% of the conversion plan completed so far. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yes, is why I withdrew everything into a cold wallet. My funds are SAFU in my own wallet now. Hope everyone enjoys the journey to the bottom of the Mariana Trench.
It is logic. The SAFU funds is holding the same asset they need to reimburse in case of hacks. If they held USDC they would need to top it up every time BTC goes up to hold same coverage ratio but by holding in btc they hedge themselves against FX rates.
BINANCE SAFU FUND ADDS $233M MORE IN BTC cheap btc for binance as usual
They recently started converting their SAFU fund from usdt to bitcoin, if that doesn't scream shady then I don't know what does
Hahahaha, Binance wasn't SAFU after all
Your funds are SAFU in CZ's personal bank account
Binance is completely fine, and recent independent data proves that. They also just announced they're converting their 1B SAFU fund from USD to bitcoin. People are at peak fear, and they're being manipulated by shills pushing malicious rumors. Binance has survived FAR worse. Like... Things that really could have spelled the end. This is a blip. And it's to do with the market.
Bitcoin was created in response to the last recession/depression. Crypto has existed during one of the greatest bull runs in history. What we’re seeing now is that crypto is ***not*** recession/depression proof. Your funds are not SAFU.
Fud. Funds are SAFU, Chinese Mafia and Binance Cartel too strong ❤️
True, but this purchase is specifically for SAFU. Selling for liquidity and buying for reserves are not the same thing.
HODLers, take note: SAFU’s buying power just flexed
Binance buying the dip for SAFU is a strong signal of confidence
Kendu builds strong floor 😎 ready to pop into billions when this market finally turns around and money flows to risk assets (KENDU is SAFU here btw) 🔥
Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
Well I've seen many claims of deadness again today but as the saying goes, they are greatly exaggerated. There's no reason for Bitcoin to die. No exchange collapsed, no-one ran off with all of Saylor's stash. No new bannings have come into effect. In fact today Binance announced it will gradually convert its entire $1 billion Secure Asset Fund for Users (SAFU) from USDC into Bitcoin over the next 30 days, completing the transition by February 29, 2026.
tldr; Binance announced it will convert its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin within 30 days. This move shifts the fund from a stable reserve to a Bitcoin-denominated reserve, reflecting Binance's long-term confidence in Bitcoin as a resilient store of value. SAFU, created in 2018 to protect users during hacks or failures, will now accept price risk for long-term exposure. Binance will rebalance the fund to maintain its value, aligning its strategy with Bitcoin's central role in the crypto ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Binance topped up its SAFU fund to $1B in early November 2022. BTC was around $20k then, dipped to ~$16k later that month, and rose to over $60k by February 2024.
Binance topped up its SAFU fund to $1B in early November 2022. BTC was around $20k then, dipped to ~$16k later that month, and rose to over $60k by February 2024.
**Binance will convert the SAFU fund’s \~$1B stablecoin reserves into BTC with the process completing within the next 30 days.** The SAFU fund will undergo regular rebalancing based on its market value. Should BTC price movements cause it to fall below $800M, Binance will replenish it to $1B. We believe Bitcoin is the foundational asset of this ecosystem and the premier long-term store of value. By making this move, we’re embracing market cycles and standing shoulder-to-shoulder with the industry, just as we always have.
Who could have thought Binance wasn't SAFU 
tldr; Hackers targeted Binance's Trust Wallet users on Christmas Day, exploiting a vulnerability in the Google Chrome browser extension, resulting in a $7 million loss. Binance co-founder Changpeng Zhao announced that Trust Wallet will reimburse affected users, ensuring their funds are secure through Binance's SAFU (Secure Asset Fund for Users). Trust Wallet has advised users to update to the latest browser extension version to prevent further issues. Mobile-only Trust Wallet users were not impacted by the hack. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The network’s security really depends on how SAFU the users are or rather, their wallets. And yeah, you’re right about sticking to the current quantum standards, but big updates like that usually take time to roll out fully. Quantum computing isn’t mainstream yet, and by the time it becomes one, and major projects like Bitcoin adopt it, the big players will probably already have their backdoors in place.
Just like any technology born from the internet age, bitcoin will have same fate, likewise any monetary system or cryptocurrency. Anything tech, doesn’t do well in the Stone Age. The possibility of that happening is probably 0.0001% , I mean Les there is a massive solar storm to wipe us off, apart from that, I think we are SAFU. the only risk we might face will be quantum computing though.
*Hi honey, I'm manufacturing crystal meth but don't worry it's all going into magic internet money, funds are SAFU*. An interesting conversation indeed! It would have had to be in later seasons though. BB aired Jan 2008, first Bitcoin were mined Jan 2009. Wouldn't have advanced Bitcoin's cause much. Not to mention trying to explain it to audiences. Mining Bitcoin instead of becoming a drug kingpin would have been a better life-choice in hindsight. Doesn't make for great TV though
Three weeks ago or so, Structured launched maxBTC which is an LST that uses a JUP like strategy to earn yield on your BTC >During a 50-day private beta testing period with mainnet assets, **maxBTC generated 5–10% APY**\* with **50 BTC in deployed capital**, with no points or token incentives. The underlying strategy itself has been running for **over 240 days**. SAUCE: [https://medium.com/@Structured/introducing-maxbtc-real-yield-on-bitcoin-169fe5ba95a7](https://medium.com/@Structured/introducing-maxbtc-real-yield-on-bitcoin-169fe5ba95a7) But honestly like any RATIONAL person, over the last couple of weeks as I moved a decent amount of BTC over and started participating... The FEAR of a LUNA like depeg event due to a massive "Black Swan" event, and such for sure sat on my mind. Been there done that, The risk is there with any form of a wrapped BTC etc. I just wasn't expecting the swan to arrive so soon! And maxBTC on Neutron didn't just survive the crash...It PERFORMED DURING IT!! >Following yesterday’s market volatility, systems operated as expected with all monitoring and risk controls functioning smoothly. Liquidation fees captured during the drawdown contributed positively to maxBTC’s performance. [https://x.com/StructuredFi/status/1976964802980594054](https://x.com/StructuredFi/status/1976964802980594054) That to me is the most epic sales pitch a team could ever make. My BTC remained SAFU, and im still earning JUICY incentives from Neutron for the BTC campaign that started three weeks ago ($250k or so every 60 days in incentives) And maxBTC has yet to even activate the YIELD (Still in deposit phase for mainnet) Incentive Proposal from Neutron for the year long campaign: [https://forum.neutron.org/t/fund-bitcoin-summer/441](https://forum.neutron.org/t/fund-bitcoin-summer/441)
Get some rest and come back with 200% bro, I will wait here with you, we're not alone. I'm turn to 37 this year and I'm shame at I can't get my net worth 6 digits at this age. But I tried, I tried and I tried, I know my effort will paid off with no lies and I will have many many lesson to tech my kids in their early days. SAFU!!!!!!
"Funds are SAFU" from Binance. [https://x.com/binance/status/1976768382012993830](https://x.com/binance/status/1976768382012993830) I've just withdrawn the XNO that I had been trading on Binance. Anyone still holding stuff on there, I wouldn't recommend keeping it there while there's this much uncertainty and shit flinging. You never know what exchanges are exposed or insolvent until it's too late. Not your keys, not your crypto.
Binance posting a tweet "Funds are SAFU" is never a good sign.
I just clicked through a handful of the things in your link, not a single one of them was actually active or had an active service. Here are just a few examples: Geniusyield - only available pool says "Not enough orders. More orders need to be traded in this token pair in order to display a meaningful chart" Spectrum - shut down, message saying "Dear Community Member, We want to inform you of an important update regarding Spectrum Finance project. After careful consideration, we’ve decided to discontinue support for the current Spectrum DEX interface." Fraction - dead website (https://fraction.estate/) Kalyx - dead website (https://kalyx.io/) Lenfi - the only one that seemingly was still in service, says "Vulnerability was found on smart contracts. Funds were moved to safe wallet. FUNDS ARE SAFU." and if you look at the activity there is none plus peanuts in TVL (roughly a million dollars) I mean, legitimately the ecosystem is completely dead. I clicked on 8 things total and only 2 were even still arguably alive and I'd say alive as like.. on life support breathing its last breath is the best case scenario for how I'd describe it. There are no users, and no dapps. So tell me who is spreading misinformation? You are a user using many dapps yet you give me a list of a bunch of actually dead things? Fishy.
Keeping my fingers crossed that your funds are SAFU
There's absolutely no way that's true. Exchanges have a long history of losing people's coins in the hundreds of thousands, worth billions of dollars. From ChatGPT: - Feb 2014 Mt. Gox ~750,000 BTC customer funds (850,000 BTC incl. company funds; later ~200k BTC found) ≈ $473M (value cited near filing) Gox reported ~750k customer BTC + 100k of its own “worth around $473M” near the time of bankruptcy; later said total missing ≈650k after finding 200k BTC. Aug 2016 Bitfinex 119,756 BTC ≈ $72M One of the largest single-incident BTC thefts from an exchange. Sep 2012 Bitfloor 24,000 BTC ≈ $250,000 Hot-wallet theft disclosed by the exchange. - Jan 2015 Bitstamp ~19,000 BTC ≈ $5.1M Hot-wallet compromise; exchange later resumed operations. May 2019 Binance 7,000 BTC ≈ $40–41M Single withdrawal during a “large-scale” breach; Binance covered user losses via SAFU. - Sep 2018 Zaif (Japan) 5,966 BTC ≈ $59–60M Hack of Tech Bureau’s Zaif; BTC portion explicitly reported as 5,966 BTC. - Jul–Aug 2011 Bitomat (Poland) ~17,000 BTC ≈ $220k Operator lost access to wallet.dat; exchange put up for sale to repay users. 2022 - Celsius lost $4B in BTC, FTX $8B in customer funds misplaced + a nearly $500M hack on day they filed bankruptcy, Voyager lost $1B+, and Blockfi $300M
Bro wtf are u talking about?? I never said u HAD to loop, i simply was asking u if that was what u were doing. It’s literally you that doesn’t understand wtf you’re talking about, not me. All you had to do was name the protocol and i would’ve been on the same page. Beefy is a protocol that automatically farms and reinvests rewards from various DeFi platforms across multiple blockchains, essentially an autocompounder. They simplify the process by having you only deposit a particular asset and then you’re given a receipt, but behind the scenes it’s contract is deploying smart strategies that harvest and reinvest automatically, maximizing compound interest. This isn’t your typical manual yield farming like your original post made it sound like, which was my entire point. The pairs/assets that offer crazy high APY are the most risky. They have super low liquidity, which increases volatility and impermanent loss risk. So yeah, you’re earning $6 or whatever u said a day, but a simple 10% divergence of both assets and you lose wayyy more than that to IL. U made it sound like it’s some zero risk infinite money glitch and that’s not the case at all. These vaults that are offering 100%+ APY are extremely risky. Beefy is a great platform to and literally tells you this by putting a disclaimer up that it doesn’t meet their SAFU requirements. All these super high APY vaults have this disclaimer bro lmao.
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.
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.
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...
Funds are SAFU my ass in this case.
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.
>Ethereum just got looted for $1.5 billion No it didn't . bybit a centralized exchange got looted . Ethereum is SAFU !
Funds are SAFU right
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
Funds are SAFU but theyre vuln erable to hacking lmao.... This is one reason never to keep funds on CEX
I dont trust anyone who said "your fund is SAFU", except cz.
They are now taking loans to cover withdrawals, this doesn’t look SAFU
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.
In the case of Binance, our funds were in fact SAFU. In the case of Luna and FTX...not so much.
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!
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.
Binance sold all their ETH, SOL and 94% of their BTC. Then said your funds are SAFU.
Before FTX collapse, people loved CZ. "Funds are SAFU" was a meme and CZ had many fanboys.
Sell all your Crypto now, funds are not SAFU.
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.
Can you share some more details? And your friends were SAFU refunded?
Just use Binance if someone is new to DeFi. Your funds will be SAFU.
Mine is smaller than yours of $69. I believe my funds are SAFU
Don't forget that funds are SAFU /s
Your funds are SAFU and he give a f*ck
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.
Also CZ tomorrow: "Funds are not SAFU"
>a project literally called SAFUU, wasn’t safe **CZ:** What you say about my SAFU fund? 
Everything you said is bang on accurate. CZ can be so shady. SAFU my ass
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.
>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.
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.
>Binance has a transparent user fund and SAFU fund balance. I just stopped here to read and relax.
You don’t think they have other resources that aren’t the transparent user fund or SAFU that could be behind this?
>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.
its just really fun to say SAFU outloud
\-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)
>SAFU lol guess that had to come up at some point
Asia is SAFU from ISIS because of Binance
Your funds are SAFU guy will always win
Make sure funds are SAFU in the meantime.
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.