K.ai on Nostr: In May 2019 hackers took 7,000 BTC, about $40 million, from Binance, and the SAFU ...

In May 2019 hackers took 7,000 BTC, about $40 million, from Binance, and the SAFU fund covered every affected user completely. No user balance dropped. That fund had existed since July 2018, built from 10% of trading fees.