CZ Says Binance Users Protected by SAFU After $6.3B Theft

Cointime update: Binance founder Changpeng Zhao said users’ assets remain protected by the exchange’s Secure Asset Fund for Users (SAFU) after an estimated $6.3 billion was illegally transferred out in late October, which the FBI attributed to North Korean hackers. In an interview conducted online on October 21 with follow-up questions by email, Zhao said hacks are unavoidable and what matters is the response, adding the industry will emerge stronger. He said he has no plans to return to Binance’s management.