Cryptocurrency trading platform Bitunix has announced that it has increased the size of its Care Fund from $30 million USDC to $50 million USDC, further expanding its reserve funds used to address special situations and protect user rights. At the same time, Bitunix also published the fund's new on-chain address, allowing users to track this reserve on the blockchain.

The Care Fund is designed to protect user assets and provide compensation support for emergencies that require exchange-level intervention. This refers to abnormal events, not the results of routine market fluctuations. Any potential compensation is subject to the specific circumstances of the incident and the conclusions of the investigation.

Following this expansion, the fund size has reached $50 million USDC. According to Bitunix, this reserve is now sufficient to fully cover the entire value of the platform's hot wallets, adding another layer of protection to the exchange's existing asset protection measures.

On-Chain Address Brings Greater Transparency

Bitunix has published the new on-chain address corresponding to the Care Fund. Anyone can verify this reserve on the blockchain, and the address can be verified via Etherscan.

https://x.com/BitunixOfficial/status/2112148024071802983

On-chain visibility helps users and market observers verify the balance within a specific address. However, it is recommended to cross-check the address against information officially disclosed by Bitunix to confirm that it indeed belongs to the Care Fund.

Independent Reserve, Embedded in a Comprehensive Security Framework

The Care Fund is just one component of Bitunix's user asset protection system. Rather than relying on a single measure, Bitunix operates a multi-pronged, coordinated approach that includes custody arrangements, account security controls, penetration testing, user insurance, Proof of Reserves, and a dedicated fund for handling special events.

These measures each serve distinct roles: custodial arrangements safeguard asset security, Proof of Reserves verifies asset holdings, and the Care Fund is a dedicated reserve that can be used in contingency situations to address eligible user losses.

According to the company, the $50 million fund size is sufficient to cover the full value of Bitunix's hot wallets. Hot wallets are internet-connected wallets used to support trading and withdrawals. Full reserve coverage of hot wallet value means users gain an additional layer of protection in the event of an incident affecting the exchange.

Third-Party Custody, Not Self-Built Wallet Infrastructure

Unlike exchanges that develop and manage wallet infrastructure in-house, Bitunix has chosen to partner with established third-party custodians, including Fireblocks and Cobo, to assist with the safekeeping and management of digital assets.

Both institutions employ Multi-Party Computation (MPC) technology, splitting each private key into multiple independent shards so that no single key can unilaterally move user funds. In addition, a substantial portion of user assets is held in offline cold storage.

The Care Fund serves as an additional safety barrier layered on top of this system, designed to address extreme scenarios that custodial controls alone cannot fully eliminate. It should be noted that the Care Fund does not replace secure custody or other preventive controls, but rather provides an additional reserve for special situations requiring exchange-level intervention.

By leveraging professional custody providers, Bitunix is able to rely on dedicated custodial infrastructure without having to build its entire wallet security system in-house. This approach, together with the Care Fund and other asset protection measures, forms part of the exchange's overall security framework.

Cases involving potential compensation will be evaluated on a case-by-case basis. Bitunix will review the specific circumstances of each incident, verify the affected accounts or transactions, and determine the appropriate resolution based on available evidence and applicable rules.

Bitunix first established the Care Fund in 2025 with an initial size of $30 million USDC. The expansion to $50 million reflects the continuous enhancement of this protection system. For more information about the Bitunix Care Fund, please visit the trading platform's official website.

About Bitunix

Bitunix is a global cryptocurrency derivatives exchange serving over 150 countries and regions with more than 5 million users. Guided by its core philosophy of "Better Liquidity, Better Trading Experience," the platform is built for users who expect more from their trading, dedicated to delivering Ultra Trust, Ultra Products, and Ultra Experience. Bitunix offers a fast registration process and a user-friendly identity verification system that balances security and compliance. Through its Proof of Reserves (POR) mechanism and the Bitunix Care Fund, the platform safeguards user assets and trust to global standards. With industry-first features such as Fixed Risk, along with TradingView-powered charting suites, indicator alerts, and cloud-synced templates, both novice and experienced traders can enjoy a smooth and seamless trading experience—making Bitunix one of the most dynamic trading platforms on the market.

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