Binance SAFU Fund Address Receives 0.1 ETH, Sparking Interest

According to the latest blockchain records, Binance's SAFU fund address (0x420ef1f25563593aF5FE3f9b9d3bC56a8bd8c104) recently received 0.1 ETH. This could be related to network gas fees and indicates the address remains active.

Several days ago, Binance announced plans to allocate $1 billion to establish the SAFU fund, designed to enhance user asset protection. However, the process of converting these funds into Bitcoin (BTC) has not yet begun, keeping the market on watch.

While some funds have entered the Ethereum network, Binance has not yet disclose the detailed management plan for these resources. This delay may be due to technical adjustments or changing market conditions.

• SAFU fund address receives 0.1 ETH
• Funds may be used for gas fee payments
• Binance hasn't started converting $1 billion into BTC