SAFU (Secure Asset Fund for Users)
Definition
SAFU is an emergency insurance fund concept initiated by Binance to protect users' interests in extreme cases. The term itself became popular following a humorous mispronunciation of "safe" by Binance CEO, Changpeng Zhao.
Context
The fund is financed by allocating a portion of trading fees to ensure that users are compensated in the event of a security breach.