@rezoanulvibesOnNoiseApp
1# If you buy and sell cryptocurrency in the top crypto exchanges, you feel that it's safe and secure. After FTX collapse, people see how safe and secure a centralized crypto exchange is. No doubt FTX was very popular and it was the top 2nd crypto exchange. What do you think about the top crypto exchange Binance? Binance has SAFU funds, so customers may feel safe with their crypto over there. How safe is Binance SAFU anyway? According to on-chain analyst Willy Woo, most crypto in the Binance SAFU insurance fund is BNB. It is almost 44% of the total holdings. SAFU holds 32% BUSD stablecoins and 24% BTC.
2 comments
Yeah 44% BNB just speaks for itself. I'm now considering this a full warning for myself.
People lose their trust in centralized crypto exchanges. Anything can happen at any time, and top crypto exchange disappears like it did not exist before.