Binance SAFU Fund Transfers 7,500 Bitcoin as Asset Replenishment Reaches 90%

Binance's Secure Asset Fund for Users executed on-chain transfers totaling 7,500 Bitcoin across three transactions on October 31, leaving the wallet with a remaining balance of 7,500 BTC valued at roughly $580 million. Earlier reports noted an initial movement of 7,499 BTC worth approximately $581 million to an unknown wallet. The transfers coincide with Binance's initiative to restore user funds from a prior security incident, with the exchange confirming that 90% of compromised assets have now been replenished, up from 80% previously.