[codetrotter]

I think what they mean is, how do we know that the money in these wallets correspond to 10% of all trading fees at Binance?

[latchkey]

I see, thanks for the correct clarification.

I believe that the OP was incorrect in their statement. It was originally allocated with 10%, not stated to be maintained at 10%.

https://cointelegraph.com/news/binance-tops-up-safu-fund-at-...

"Binance’s SAFU began in 2018 by allocating 10% of the trading fee into a fund that is solely dedicated to backing up user holdings in the case of an incident. In February of this year, the fund hit $1 billion for the first time."

[anonymouskimmer]

And another question is how do we know those wallets were funded with fees? We need to trust the accuracy of the proof of assets versus liabilities.