Binance Response to Asset Movement: No Asset Sale, User Funds Safe

BlockBeats News, February 11, Binance official response, the recent Binance asset changes were only adjustments to Binance's financial department accounting processes, and no assets were sold. User funds remain in a safe state (SAFU).

BlockBeats reported today that in the latest Binance Quarterly Burn, the reserve ratios of multiple assets have significantly decreased. The Bitcoin reserve ratio decreased from 108.15% in January to 100.45% in February, the Ethereum reserve ratio decreased from 104.2% in January to 100% in February, and the BNB reserve ratio decreased from 115.75% in January to 112.73% in February.

Among them, among mainstream assets, only the USDC reserve ratio has significantly increased, rising from 132.32% in January to 141.28% in February. According to estimates, Binance's proprietary assets decreased by $5.489 billion compared to January.