It does look like they have posted something related to the SAFU Fund here:
As far as I understood from the post, the other exchanges who are holding USTC need to publish their wallet addresses so that the fund can be transferred to them.
The fund is still at 1 billion cause I think none of the other exchanges (which are not very legit) have that Insurance Fund wallet.
Binance must have told them to do it when they themselves did it and they have not done it all this while, and never offered it to their customers, like Binance did.
So no one is eligible for that fund.
This is my guess, but I may not be very far off from the truth.
Coming to the litigation part:
We can definitely go after Binance and everyone else as well (like TFL) who might be withholding our USTC funds.
Cause as far as I understand, after the crash, people got back 5 bucks after investing 100,000 (as an example). So this is clearly a case of embezzlement, on the part of the exchanges, and other entities involved, like TFL, cause they all promoted Luna and asked everyone to invest in it.
We can proceed with this, if we have a legal representative who is gonna agree to take it up.
I have already submitted a plan/prop to Prof. Kim to review, which makes provisions to appoint a legal counsel for the community.
We will probably need to wait a little bit before that is passed, and then we can take this up. We do have other cases to take up before this one. But this one is extremely important and I agree with you on that.
I am keeping a bookmark on this topic so that I can revisit this in a week or so, once my prop is up for discussion here on Agora, because my proposal needs to pass first to allow this proposal to be taken up by us.