June 15 (Cointime) - Last week, the crypto market experienced a decline following the SEC's lawsuits against Binance and Coinbase. This has affected the value of Binance's Secure Asset User Fund (SAFU), which has decreased by 10% from nearly $950 million to $861 million.
The fund mostly consists of Bitcoin and Binance's native token, BNB, which have both decreased in value since the SEC's charges. Binance has denied the allegations and assured customers that their funds are safe, while some customers have expressed concerns about the exchange's ability to prop up its BNB token.
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