Recently, a user asset theft at a certain exchange reminded me of May 2019, when Binance’s hot wallet was hacked and about 7,074 BTC (then about $40 million) was stolen. CZ quickly and publicly disclosed this, and the SAFU users’ protection fund fully covered the loss—users suffered zero loss. CZ’s actions therefore also set an industry benchmark of “Funds are SAFU.” And the cumulative amount that Binance has helped users recover from accidentally sent coins has already exceeded $8.2 billion. Only

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