Key Takeaways
- • Bitunix increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available for exceptional user-protection situations.
- • The exchange has identified the fund's new on-chain address, which can be validated on Etherscan, giving users and observers a way to track the balance.
- • According to Bitunix, the $50 million reserve fully covers the value of its hot wallets.
- • Custody is handled by third-party providers Fireblocks and Cobo, both using multi-party computation (MPC) with a significant share of assets held in cold storage.
- • The Care Fund was launched in 2025 with $30 million USDC; the company describes it as one layer within a broader framework that includes Proof of Reserves and user insurance.
Summary
Cryptocurrency derivatives exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, according to the exchange's announcement published by BeInCrypto. The fund is designed to support users and compensation for unexpected incidents that require an exchange-level response. The company stresses that these are abnormal events rather than routine market outcomes, and that any potential compensation depends on the circumstances of each incident and the outcome of an investigation.
Bitunix has also disclosed the fund's new on-chain address, which can be validated on Etherscan. The company advises that the address be checked against its official information to confirm it belongs to the Care Fund. Per the exchange, the $50 million reserve already covers the full value of its hot wallets, which are internet-connected and used to support transactions and withdrawals.
The Care Fund is one component of a broader security approach that combines custody arrangements, account security controls, penetration tests, user insurance, Proof of Reserves and the dedicated fund. The exchange works with third-party custody providers Fireblocks and Cobo, both of which use multi-party computation, in which each private key is split into shares so no single key can move user funds alone. A significant portion of user assets is kept in offline cold storage. The company characterizes the Care Fund as an additional safeguard for extreme scenarios that custody controls cannot fully rule out, not a replacement for secure custody or preventive controls.
Bitunix launched the Care Fund in 2025 with $30 million USDC, and the expansion reflects continued development of its protection system. Compensation cases are assessed individually, with the exchange reviewing incident circumstances, verifying affected accounts or transactions, and determining responses based on available evidence and applicable rules. The press release was published substantially as received, and BeInCrypto has not independently verified its claims.
Bitunix has also disclosed the fund's new on-chain address, which can be validated on Etherscan. The company advises that the address be checked against its official information to confirm it belongs to the Care Fund. Per the exchange, the $50 million reserve already covers the full value of its hot wallets, which are internet-connected and used to support transactions and withdrawals.
The Care Fund is one component of a broader security approach that combines custody arrangements, account security controls, penetration tests, user insurance, Proof of Reserves and the dedicated fund. The exchange works with third-party custody providers Fireblocks and Cobo, both of which use multi-party computation, in which each private key is split into shares so no single key can move user funds alone. A significant portion of user assets is kept in offline cold storage. The company characterizes the Care Fund as an additional safeguard for extreme scenarios that custody controls cannot fully rule out, not a replacement for secure custody or preventive controls.
Bitunix launched the Care Fund in 2025 with $30 million USDC, and the expansion reflects continued development of its protection system. Compensation cases are assessed individually, with the exchange reviewing incident circumstances, verifying affected accounts or transactions, and determining responses based on available evidence and applicable rules. The press release was published substantially as received, and BeInCrypto has not independently verified its claims.
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