Crypto Exchange Insurance Funds: What They Actually Cover
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Cryptodaily - are covering this story. You’ve probably seen exchanges boast about their “Insurance Fund” or “SAFU” as proof your money is safe. The name suggests something like FDIC insurance for your bank account. The reality is far narrower—and in a crisis, it can vanish faste…
All coverage
Crypto Exchange Insurance Funds Explained: What They Really Protect Against
You’ve probably seen exchanges boast about their “Insurance Fund” or “SAFU” as proof your money is safe. The name suggests something like FDIC insurance for your bank account. The reality is far narrower—and in a crisis, it can vanish faste…
Crypto Exchange Insurance Funds: What They Actually Cover
Exchange insurance funds mostly back derivatives losses, not hacks or insolvency. See how Binance SAFU, Coinbase, and OKX protections actually work and what’s excluded.