Binance SAFU Insurance Fund is 44% Backed by its Own Token

Binance’s emergency insurance fund is largely comprised of a cryptocurrency tied to the company itself, according to on-chain data. The two addresses associated with the fund show that its BNB tokens account for 44% of its reserves. The Wrong Type of Insurance? As shared by on-chain analyst Willy…#binance #bnb #ftt #emergencyinsurance #wrongtype #insurance #safu #willywoo #cryptocurrencytied #binancecustody
Source: Reuters: Health - Category: Consumer Health News Source Type: news