Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

BlockBeats news, October 31 - According to on-chain analyst Ai Yi (@ai_9684xtpa), the Binance SAFU wallet transferred out 7,500 BTC, worth approximately $580 million, half an hour ago. This transfer may be related to replenishing reserves for affected assets. After the transfer, the address still holds 7,500 BTC, about half of the balance before the transfer.

Subsequently, Binance co-CEO Yi He stated that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all restored 100% full reserve backing.

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Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

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