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During periods of market volatility and pressure, the impact felt across the industry is naturally also felt by Binance. This reflects the broader challenges our industry must address as it continues to mature. As the crypto ecosystem expands and becomes more complex, expectations continue to rise – especially around governance, risk management, and responsibility.As a global industry leader, we hold ourselves to higher standards and continuously work to improve and adapt – always taking feedback from our community and the wider public seriously.In 2025, as part of Binance’s ongoing investment in industry development, we carried out the following work focusing on risk control, compliance cooperation, and ecosystem building:Recovery of Incorrect Deposits: In 2025, Binance assisted users in 38,648 cases of incorrect deposit recovery, totaling $48 million. To date, Binance has helped recover a cumulative amount exceeding $1.09 billion.Risk Control and User Protection: We assisted 5.4 million users throughout the year in identifying potential risks, cumulatively preventing approximately $6.69 billion in scam-related losses.Combating Illegal Activities and Cooperation with Law Enforcement:  We collaborated with global law enforcement agencies to combat illegal activities leading to authorities confiscating $131 million in ill-gotten funds.Token Listings Distribution and Ecosystem Diversity: In 2025, Binance’s spot listing program covered 21 public blockchains, largely ETH, BSC, and SOL (32, 18, and 9 projects respectively). Among these 21 blockchains, 13 were newly launched, including blockchains for payment, gaming, social, and other use cases.Asset Transparency and Reserves: By the end of 2025, Binance’s proof-of-reserves showed user assets of approximately $162.8 billion fully backed, covering 45 different crypto assets.When questions and concerns arise, we respond with action. Through these efforts, we aim to support the industry’s long-term, sustainable growth.Guided by our belief that BTC serves as the core asset in the crypto ecosystem and represents long-term value, Binance will continue to stand alongside our industry through market cycles and uncertainty, continuously investing resources into the crypto ecosystem. Accordingly, Binance will convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin reserves, with plans to complete the conversion within 30 days of this announcement.Binance will conduct regular rebalancing of the SAFU fund based on monitoring its market value. If the fund’s market value falls below $800 million due to BTC price fluctuations, Binance will rebalance the fund to restore its value to $1 billion. This initiative forms part of Binance’s long-term commitment to industry building, and we will continue to advance related efforts and share updates with the community.Binance will continue to respond to market concerns with action, consistently participating in and promoting industry development under the principles of openness, transparency, and long-term commitment.Finally, we thank the Binance community, our users, and Binance Angels for your ongoing support and trust in Binance.