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Binance SAFU Fund Moves Out 7,500 BTC in Three Transfers

Binance’s SAFU fund address transferred a total of 7,500 BTC in three transactions at around 10:30 and 10:48, leaving the address with 7,500 BTC worth about $580 million. Binance had said that as of Oct. 31 about 90% of affected assets had been backfilled, up from 80% previously disclosed.

Original source

AI take

The timing links the SAFU outflows to Binance's own disclosure that backfilling of affected assets had reached roughly 90% by Oct. 31, up from 80% — suggesting the transfers reflect reserve replenishment mechanics rather than a discretionary sale. For SAFU watchers, the relevant signal is that the fund's disclosed balance is now a moving target tied to remediation progress. Whether the remaining backfill is completed, and whether the SAFU address keeps drawing down as it is, is the open question.

Generated by AI for reference only.

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