Bitunix Increases Its Care Fund to $50 Million, Further Strengthening User Protection
Cryptocurrency exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available to support users in exceptional situations. The company has also identified the fund’s new on-chain address, providing a way to track the reserve on the blockchain. The Care Fund is designed to help protect user assets The post Bitunix Increases Its Care Fund to $50…
Bitunix, a mid-tier crypto exchange, raised its user-protection Care Fund from $30 million to $50 million in USDC and published the fund's new on-chain address for public tracking. The reserve is intended to support users in exceptional situations such as losses or platform disruptions. The move signals improved transparency and risk management at a single exchange, but the size is small relative to the broader market and unlikely to move crypto prices or confidence materially.
