I am hearing this word SAFU and I don't actually know its meaning. Is it just safe or is there a meaning behind that?
Having funds safe on this exchange, means that even though it become vulnerable to hacks, the funds of users still survives. This change my idea on that exchange.
Its a self-insurance fund. If they lose up to X BTC, they will cover the loss.
Also, its a meme. CZ (Binances CEO) said funds are safu last year and became a meme.