2# SAFU was formed in 2018 to protect customers' crypto in case anything happens, customers can get their crypto. Having fund for customers' protection is a definitely good thing. It will increase confidence. People may feel comfortable using crypto exchanges. Founder of Terra LUNA Do Kwon bought BTC that was supported to act as a protection to peg UST. There was a talk back then about LUNA and UST, and LUNA was one of the top 10 cryptos. But when it started collapsing, nothing worked to prevent its falls. A lot of people lost their money in LUNA and UST.
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Interesting 🥰