SAFU may be like bitcoin insurance, with that they can replace leaks that occur on their exchangers, and do not affect members. but, I heard that it made the binance need to hold the WD / Deposit for 1 week. well, this might be really difficult even for companies like binance.
It could be less or more than a week. As long as Binance itself doesn't know how the hackers managed to manipulate their security measures, no funds will be able to move out.
I like the fact that they have their much memed SAFU fund, but it still sucks because people don't know how long exactly it will take before they can access their crypto funds again. This once again shows that you completely depend on the exchange's mercy to allow you to withdraw. Imagine the stress people go through despite the statement from CZ that they will utilize their SAFU fund.
People somehow thought Binance was a fort knox that would never get hacked, well, they were wrong.
