SAFU ≠ safe
SAFU - Secure Asset Fund for Users (an "emergency" fund)
It's a mix of Bitcoin, Binance tokens, some USD Tether and some TrueUSD tokens
Current value is ~$1billion (60% of which is denominated in Bitcoin)
Supposedly created in 2018 though (from what I see) the bulk of the transfers seemed to have happened about a year ago.
https://blockchair.com/bitcoin/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDI feel at this point it is a some sort of an FU he was talking about all this time. Like Google-Fu. Funds-R-FU maybe was his broken english way of saying I am doing that to you right now while using his exchange until the his time was done there.
Which was yesterday.
Who else thinks Coinbase is in bed with BlackRock from yesterday's "another bites the dust" moment of crypto exchanges.
"Until there was one.." type scenario being played out right before our eyes from the DOJ press conference.
Right at 2:37 you can hear what Brain Armstrong of where he thinks crypto institutional regulation should be geared towards:
Coinbase CEO on Binance: Good for the industry to turn the page, make sure we're following the lawhttps://www.youtube.com/watch?v=at8mI2ILsyk