Binance Announces SAFU Fund Has Reached $1 Billion
Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for…
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Binance user protection insurance fund reaches $1B valuation
Binance started the Secure Asset Fund for Users (SAFU) in 2018 by allocating 10% of the trading fee.
LCX loses $6.8M in a hot wallet compromise over Ethereum blockchain
The hot wallet compromise was followed by an unauthorized transfer of eight types of ERC-20 tokens including ETH, USDC, LINK and MKR.
Metaswap Gas incommunicado as experts link MGAS price drop to rug pull
Following the unexpected MGAS price drop, Metaswap Gas' social media accounts were deleted, supporting PeckShield’s claim of a rug pull.
Hong Kong NFT project Monkey Kingdom loses $1.3M in phishing hack, launches compensation fund
The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund.
Bent Finance confirms pool exploit, advises investors to withdraw funds
Bent Finance proactively advised investors to withdraw funds and plans to reimburse losses "one way or another."