What is SAFU in cryptocurrency?

SAFU (Secure Asset Fund for Users) is a popular abbreviation in cryptocurrencies, meaning that the funds are safe. This term became known after the publication of the director of the exchange Binance CZ on Twitter. Binance has set up a SAFU fund to keep users safe, with 10% of trading fees deducted to it. Funds are stored in a hardware wallet and used, if necessary, to reimburse users for losses.