Binance reportedly negotiating $5.5B support request with platforms to cover SAFU fund shortfall

Binance is reportedly negotiating a support request with most platforms worth up to $5.5 billion to cover a shortfall in its SAFU fund, according to a crypto account citing its own sources. On-chain data shows about $1 billion in the fund while stolen amounts exceed $6 billion, leaving a deficit over $5 billion.

Detected & updated continuously · Source: Nebula