Bitcoin (BTC) $66,919.19 2.34%
Ethereum (ETH) $1,951.22 1.33%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 83.426613 0.51%
Cardano (ADA) $0.26 -2.39%
Chainlink (LINK) $8.63 0.23%
Litecoin (LTC) $53.71 1.20%
Dash (DASH) $32.94 3.36%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.22818 -0.97%
X-Cash (XCASH) 9.0E-6 -0.07%
Dogecoin (DOGE) $0.00 3.47%

Cryptocurrencies: 28560

Markets: 116702

Market Cap: $2,295,285,897,286

24h Vol: $131,187,063,950

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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