--- title: "Binance has spent about half of its SAFU bitcoin reserve, data shows" description: "Binance's SAFU bitcoin wallet now holds about 7,500 BTC after a transfer of 7,499 BTC linked to a hack, Cointelegraph reported. CoinDesk reported the fund…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-binance-taps-half-its-safu-e1076b64b7ca33" published: 2026-11-02T13:24:57.000Z updated: 2026-11-03T05:46:05.000Z indexable: true --- # Binance has spent about half of its SAFU bitcoin reserve, data shows Binance's SAFU bitcoin wallet now holds about 7,500 BTC after a transfer of 7,499 BTC linked to a hack, Cointelegraph reported. CoinDesk reported the fund… Attributed sources: [Cointelegraph](), [CoinDesk]() ## Key facts Binance's SAFU bitcoin wallet now holds about 7,500 BTC after a transfer of 7,499 BTC linked to a hack, Cointelegraph reported. CoinDesk reported the fund has spent about half its bitcoin, roughly $580 million worth, and now sits below the $800 million level that Binance's own rules say triggers a top-up. Evidence strength: Multiple publishers, 2 publisher group(s) (Cointelegraph, CoinDesk). After site detection, observed returns were 5 minutes: +0.05% (Nov 2, 2026, 13:24 → Nov 2, 2026, 13:29, UTC; Gate · USDT); 1 hour: +0.29% (Nov 2, 2026, 13:24 → Nov 2, 2026, 14:24, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Nov 2, 2026, 13:24, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.05% | +0.05% | 0.00 pts | Nov 2, 2026, 13:24 → Nov 2, 2026, 13:29 | Gate · USDT | | 1 hour | +0.29% | +0.29% | 0.00 pts | Nov 2, 2026, 13:24 → Nov 2, 2026, 14:24 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Nov 2, 2026, 13:24 | ## Claims and open questions - Cointelegraph reported that Binance's SAFU bitcoin wallet now holds about 7,500 BTC following a 7,499 BTC transfer linked to a hack, with no timeline for restoring the $1 billion fund. - CoinDesk reported that Binance has spent half its SAFU bitcoin, about $580 million worth. - CoinDesk reported that the SAFU fund now sits below the $800 million level that Binance's own rules say triggers a top-up, and that the exchange has not said when it will refill it. - Binance has not said when it will refill the SAFU fund or whether it will restore the $1 billion target; an official statement or funding transfer would confirm the plan. - The amount and mechanism of the reserves remaining after the 7,499 BTC transfer would be confirmed by an updated proof-of-reserves release from Binance. ## Source evidence - [Binance taps half its SAFU Bitcoin holdings, releases reserve proof]() — Cointelegraph; published Nov 2, 2026, 13:21; received Nov 2, 2026, 13:24 (UTC). - [Binance has spent half its SAFU bitcoin, about $580 million worth, data shows]() — CoinDesk; published Nov 3, 2026, 05:36; received Nov 3, 2026, 05:40 (UTC). ## Recent BTC events and market reactions - [Mercado Bitcoin pauses withdrawals after $46 million security breach]() — Published Nov 2, 2026, 19:05 (UTC) · Multiple publishers (2 publishers) · Security · 5m 0.00% / 1h -0.08% - [Mercado Bitcoin halts deposits and withdrawals after security incident]() — Published Nov 2, 2026, 15:53 (UTC) · Multiple publishers (3 publishers) · Security · 5m -0.36% / 1h -0.31% - [Strive adds 124 Bitcoin in roughly $10 million purchase]() — Published Nov 2, 2026, 15:01 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.25% / 1h -0.32% - [Strategy buys 811 bitcoin for $65.5 million and repurchases $208.2 million of STRC]() — Published Nov 2, 2026, 13:09 (UTC) · Multiple publishers (4 publishers) · General news · 5m -0.04% / 1h +0.29% - [Binance hackers begin swapping stolen Solana tokens for Bitcoin, Chainalysis says]() — Published Nov 2, 2026, 12:40 (UTC) · Single source (1 publisher) · Security · 5m -0.05% / 1h +0.37% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()