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Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
CoinGape 2022-11-25 07:58:38

Willy Woo Raises Concerns On “BNB-Backed” Binance SAFU Fund

Willy Woo Raises Concerns On “BNB-Backed” Binance SAFU Fund
Popular on-chain analyst Willy Woo raised concerns over Binance’s Secure Asset Fund for Users (SAFU) Insurance Fund. He believes it’s not safe to put “incidence-correlated BNB” in the SAFU fund. Willy Woo compares it with the crypto exchange FTX having an insurance fund backed by FTT. Is It Safe to Have BNB in Binance SAFU The post Willy Woo Raises Concerns On “BNB-Backed” Binance SAFU Fund appeared first on CoinGape .
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