Richard Teng backs Binance open letter; $1 billion SAFU to Bitcoin over 30 days

On January 30, 2026, Binance CEO Richard Teng endorsed the company's open letter addressing market volatility and service standards. The letter outlined plans to convert the $1 billion SAFU, currently in stablecoins, into Bitcoin over the next thirty days and to top the fund back up if its value falls to $800 million.