Is the Binance SAFU Fund Safe? Willy Woo Raises Concerns

The post Is the Binance SAFU Fund Safe? Willy Woo Raises Concerns appeared first on Coinpedia Fintech News Following the FTX and Alameda implosion, Willy Woo – a famous Bitcoin […]

The post Is the Binance SAFU Fund Safe? Willy Woo Raises Concerns appeared first on Coinpedia Fintech News
Following the FTX and Alameda implosion, Willy Woo – a famous Bitcoin on-chain analyst – has raised concerns over the Binance insurance fund. According to Woo, Binance’s use of BNB coin as part of the crypto insurance fund is much more like FTX using FTT tokens for the same purpose. Hereby raising concerns over the …