Pat (AP)

An open letter to the crypto community 💛 During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance. As a global industry leader, we hold ourselves to elevated standards and continually improve based on feedback from our community and the wider public. In 2025, Binance continued to invest in the long-term health of our industry through stronger risk controls, compliance, and ecosystem development. Some key highlights: 👉 User Deposit Recovery: Assisted with 38,648 incorrect deposit cases totaling $48M in 2025, contributing to over $1.09B in total user deposits recovered to date. 👉 Risk Controls & User Protection: Helped 5.4M users through risk controls and protection measures, cumulatively preventing $6.69B in potential scam-related losses. 👉 Combating Illegal Activity: Collaborated with global law enforcement agencies to combat illegal activities leading to authorities confiscating $131 million in ill-gotten funds. 👉 Token Listing Distribution and Ecosystem Diversity: Spot listings covered 21 public blockchains, with ETH, BSC, and SOL leading (32, 18, and 9 projects respectively). 👉Asset Transparency and Reserves: Achieved Proof of Reserves (PoR) totaling $162.8B across 45 crypto assets. We remain committed to sustainable, verifiable actions that protect users, advance the industry, and support long-term, responsible growth. Today, we’re taking another step forward: Binance will convert the SAFU fund’s ~$1B stablecoin reserves into BTC with the process completing within the next 30 days. The SAFU fund will undergo regular rebalancing based on its market value. Should BTC price movements cause it to fall below $800M, Binance will replenish it to $1B. We believe Bitcoin is the foundational asset of this ecosystem and the premier long-term store of value. By making this move, we’re embracing market cycles and standing shoulder-to-shoulder with the industry, just as we always have. This is part of our ongoing commitment to building crypto’s future. More updates soon. Binance will keep responding with real steps, driving the industry forward through openness, transparency, and long-term commitment. Thank you to our beloved community for standing with us, ALWAYS. 💛 Read the full letter 👉 binance.com/en/blog/communit…