SAFU
Also known as: Secure Fund, Crypto User Protection, Binance SAFU
An acronym for 'Secure Asset Fund for Users', popularized by Binance as a crypto safety fund and meme for asset protection.
SAFU stands for 'Secure Asset Fund for Users', a reserve fund launched by Binance in 2018 to reimburse users in case of catastrophic events like hacks. Beyond its practical use, 'SAFU' became a popular meme in the crypto community, signaling that 'funds are safe.' It reflects the industry's need for trust, security, and investor protection. The term originated from a tweet during an exchange incident, evolving into a cultural reference. While SAFU is specific to Binance, other platforms have adopted similar user protection funds or insurance models.