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Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis

Binance’s “cost of doing business,” including fines and hack losses, could equal more than half of the largest crypto exchange’s estimated pre-tax profits from 2021–2025. Following the largest crypto theft in history, Bi...

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Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
Binance’s “cost of doing business,” including fines and hack losses, could equal more than half of the largest crypto exchange’s estimated pre-tax profits from 2021–2025. Following the largest crypto theft in history, Binance’s combined bill for fines and hack-related losses has reached around $10.7 billion. Meanwhile, Vetle Lunde, head of research at K33 Research, the […]

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Binance is showing up inside the Security Incidents theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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