Binance Response to Recent Publicity: SAFU Fund to Convert to Bitcoin Reserve, Discloses Risk Management and Compliance Achievements

BlockBeats News, January 30th, Binance China released an "Open Letter to the Crypto Community" in response to recent market and community concerns. Binance stated that as the platform scales, industry fluctuations translate to platform fluctuations, and it will hold itself to higher standards, continuously improving governance, risk control, and transparency. Key points at a glance:

Asset Recovery for Users: Assisted in recovering 38,648 mis-deposited assets worth $48 million in 2025; cumulatively recovered over $1.09 billion.
Risk Control: Assisted 5.4 million users in risk identification throughout the year, preventing approximately $6.69 billion in fraud losses.
Law Enforcement Cooperation: Collaborated with global law enforcement agencies to combat $131 million in illicit activities.
Listings and Ecosystem: By 2025, spot listings covered 21 public chains, with a focus on ETH, BSC, and SOL, and onboarded 13 new public chains.
Asset Transparency: As of the end of 2025, the reserve proof covered user assets of approximately $162.8 billion, encompassing 45 assets.

SAFU Fund Adjustment: The originally $1 billion stablecoin reserve will be gradually converted to Bitcoin, with the plan to be completed within 30 days; if the fluctuating market value falls below $800 million, BTC will be replenished to restore it to $1 billion.

Binance emphasized that it will continue to invest in crypto ecosystem development under the principles of public transparency and long-termism, working with the industry to collectively address cyclical fluctuations.