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 […]
Key Takeaways
- 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 […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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