Binance responds to public opinion with open letter, SAFU fund will be converted into Bitcoin reserves

On January 30th, Binance Chinese released an open letter in response to market and community concerns, announcing that the SAFU fund will gradually convert $1 billion in stablecoin reserves into Bitcoin, with a plan to complete it within 30 days, and promising to replenish Bitcoin to recover to $1 billion when the market value is below $800 million. In addition, Binance disclosed its risk control and compliance results for 2025, including assisting in the recovery of over 1.09 billion US dollars in assets, avoiding 6.69 billion US dollars in fraud losses, cracking down on 131 million US dollars in illegal activities, and stating that the reserve certificate covers approximately 162.8 billion US dollars in user assets. Binance emphasizes that it will continue to improve governance, risk control, and transparency, and invest in the construction of the cryptocurrency ecosystem.