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 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.
Key facts
BTC after this site detected it
- 5 minutes+0.05%Gate · USDT
- 1 hour+0.29%Gate · USDT
Claims and open questions
2 independent publishers report it (copies of the same text count once); they may still rely on one underlying source. An official source would raise it.
Project updates topic · core coin BTC · 2 publishers
What sources claim
- 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.
Still unresolved
- 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.
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.
Source evidence
Published Nov 2, 2026, 13:21 · Received Nov 2, 2026, 13:24
Published Nov 3, 2026, 05:36 · Received Nov 3, 2026, 05:40
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | Actual sampled interval / source |
|---|---|---|
| 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 |
Timing does not establish causation. Methods and limitations →
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