Binance published an open letter to the crypto community on Binance Blog, and announced that market volatility and pressures have impacted the company alongside the broader industry, reflecting the increasing complexity of the crypto ecosystem and rising demands for governance, risk management, and accountability.
Throughout 2025, Binance focused on risk control, compliance cooperation, and ecosystem development: assisting users in recovering 38,648 incorrect deposits totaling $48 million, with cumulative recoveries exceeding $1.09 billion; helping 5.4 million users identify potential risks and preventing approximately $6.69 billion in scam-related losses; collaborating with global law enforcement agencies to confiscate $131 million in illicit funds.
Binance’s spot listing program covered 21 public blockchains, including 13 newly launched chains spanning payment, gaming, social, and other use cases. By the end of 2025, Binance’s proof-of-reserves demonstrated full backing of user assets totaling approximately $162.8 billion across 45 crypto assets. Binance remains committed to responding to market concerns through concrete actions and promoting sustainable industry growth.
Binance also announced plans to convert its $100 million SAFU fund stablecoin reserves into Bitcoin within 30 days of the announcement, with a rebalancing mechanism to maintain the fund’s value above $80 million amid Bitcoin price fluctuations. Binance will continue to uphold transparency, openness, and long-term commitment to advancing the crypto industry.