Binance Deploys Half of Its SAFU Bitcoin Reserve Amid Hack Response

Binance moves half its SAFU Bitcoin reserve as part of response to a recent hack, aiming to secure user funds and stabilize operations.

Binance Deploys Half of Its SAFU Bitcoin Reserve Amid Hack Response
Liberal News
Publish: 04.11.2026
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Binance has moved a substantial portion of the bitcoin held in its emergency reserve, the Secure Asset Fund for Users (SAFU), and has not specified when the assets will be replenished.

According to on-chain data from mempool.space, the SAFU address published by Binance — 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD — showed just over 7,500 BTC after a series of four transfers on Oct. 31. Earlier this year, in February, the wallet contained roughly 15,000 BTC, the amount Binance arrived at after converting the fund from stablecoins into bitcoin.

How much remains and the stated replenishment policy

With bitcoin trading near $77,000 per coin at the time of the transfers, the remaining SAFU holdings equate to about $580 million. Binance’s published SAFU policy indicates the exchange will rebalance the fund back to $1 billion if its USD value dips below $800 million “due to BTC price fluctuations.” However, that guideline does not explicitly cover circumstances where the reserve is spent.

SAFU deployment tied to broader funds for hack response

On Oct. 31 Binance announced it would partially deploy SAFU as part of a larger response totaling $6.34 billion to address a hack. The company stated this deployment would be used alongside allocations from its corporate treasury and a portion of the futures insurance fund. Binance also vowed to restore SAFU to roughly $1 billion, but has not provided a timeline for doing so or disclosed how much of the futures insurance fund was tapped.

CoinDesk has contacted Binance for comment regarding the transfers and the schedule for refilling the SAFU wallet.

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