TechFlow News — On-chain analyst Willy Woo revealed on social media that on-chain data shows Binance's SAFU insurance fund reserves are composed of 44% BNB, worth approximately $367 million; BUSD (Binance's dollar stablecoin) accounts for 32%, or about $300 million, while Bitcoin has the lowest allocation at 24%, roughly $270 million. Willy Woo noted these balances can be verified via public blockchain data on Binance's Bitcoin and BSC chain addresses, and he also expressed that the high proportion of BNB is "concerning".Source link
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