The other wallet revealed Bitcoin holdings worth around $300 million.of the trading fee into a fund that is solely dedicated to backing up user holdings in the case of an incident. In February of this year, the fund hit $1 billion for the first time.
The crypto community on Twitter responded to the tweet with mostly positive reactions, applauding CZ for his action. One userWhile others had questions about the sufficiency of the cap for funds in the reserve:Could there be any scenario where Binance needs more than the $1B?
cz_binance Is this capital efficient?
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