Secure Asset Fund for Users Launched by Binance

From July 14, 10% of the commissions collected by the exchange will be transferred to a separate cold wallet
04 July 2018   1680

Binance created the Secure Asset Fund for Users (SAFU), which will protect the users of the site in emergency cases. The decision was made after unusual transactions with API keys. 

Starting from July 14, 10% of the commissions collected by the exchange will be transferred to a separate cold wallet.

Since founding, Binance has always upheld our core values of spreading crypto and protecting users. Binance has achieved explosive growth in the first year. With this growth, we also experience many problems. We must reflect upon these problems, learn from them, and improve ourselves. We know in the course of making history, we will be tested again and again. We believe every test makes us stronger. And only if we fight together, can we move the industry forward. We thank all of our supporters, those who nudged us forward. We welcome your comments, suggestions and feedback. Thank you for being with us on our journey.  Binance will continue to push forward.
 

Binance Team

On July 3 the site administration noticed suspicious activity, accompanied by the rapid growth of the Syscoin (SYS) token, and decided to suspend trading.

To ensure the security of users, all API keys were deactivated, and suspicious transactions were canceled.

Earlier, on July 4, Binance announced that it had decided to conduct "unscheduled maintenance" after one of the users paid 96 BTC per Syscoin token.

Brave Allows to Buy Crypto at Binance Inside the App

Now a widget on the tabs in the Brave browser gives users direct access to both the Binance US
25 March 2020   976

Decentralized browser Brave announced a partnership with the cryptocurrency exchange Binance. Now, Brave users will be able to buy cryptocurrencies on Binance simply by opening a new tab in the browser.

A widget has appeared on the tabs in the Brave browser, which gives users direct access to both the Binance main site and the site of the American division of the exchange. Users will be able to exchange cryptocurrencies, view their balance and receive addresses for depositing cryptocurrencies directly in the browser. At the same time, developers left the option to disable the widget in the settings.

The developers emphasized that the widget uses the Binance API and does not download any data from the exchange servers, so that user data is protected. The new feature is available in the desktop version of Brave Nightly, and in the main version of the program it will appear in April.

The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

 

Changpeng Zhao

CEO, Binance