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Binance Drops New Announcements, Tops Secure Asset Fund for Users (SAFU) Balance to $1B

Binance is dropping new announcements via Twitter amidst the crypto meltdown following the latest FTX-related reports. Check out what they have to say below.

Binance reveals announcements for securing user funds

Here’s the tweet that they shared:

The exchange also shared info about their integrity:

Here’s what the exchange says about user funds:

Binance in the news

All this comes in the wake of announcements regarding FTX.

The crypto market is shaken by the latest announcements that have been made in the crypto space.

 

 

FTX founder Sam Bankman-Fried said the following:

“Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc. — we apologize for that.”

Stay tuned for more news.

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