16,277 BTC and 1.36 million BNB were transferred out from 2 SAFU wallets and deposited back into CEX hot wallets

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Odaily Odaily News According to Spot On Chain monitoring, after Binance announced that it would convert all assets of the Investor Protection Fund (SAFU) to USDC to enhance stability, 16,277 BTC (about $1 billion) and 1.36 million BNB (about $749 million) have been transferred from 2 SAFU wallets and deposited back into CEX's hot wallet. The current balance of the 2 SAFU wallets is still 1 billion USDC. Earlier news, Binance converted all assets of the Investor Protection Fund SAFU into USDC, and the fund valuation is usually maintained at $1 billion.

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