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TechFlow reports, according to Spot On Chain monitoring, after Binance announced the conversion of its User Safety Assets Fund (SAFU) into USDC to enhance stability, a total of 16,277 BTC (approximately $1 billion) and 1.36 million BNB (approximately $749 million) have been transferred out from two SAFU wallets and deposited back into CEX hot wallets. The two SAFU wallets still hold a balance of 1 billion USDC.
According to Spot On Chain monitoring, after Binance announced the conversion of its User Safety Assets (SAFU) fund into USDC to enhance stability, a total of 16,277 BTC (approximately $1 billion) and 1.36 million BNB (approximately $749 million) have been transferred out from two SAFU wallets and deposited back into CEX hot wallets. The two SAFU wallets still hold a balance of 1 billion USDC.
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