Binance Pulls out Reserve Assets Amid Crypto Market Crash?

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Is Binance really making large transfers?

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dollar — to likely mitigate risk. The concept of SAFU became popular when Changpeng Zhao , Binance’s former CEO, reassured users during a period of unscheduled maintenance with a tweet that simply read,"Funds are safe." The phrase became a comforting mantra in the crypto community, eventually turning into the viral meme"Funds are SAFU."Turning to Binance Coin's chart, we see a market battling uncertainty. With the recent downturn, BNB has faced resistance at $560.

 

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