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 […]

Source: https://news.bitcoin.com/opinion-and-analysis/binance-lost-half-5-year-profits-fines-hacks-analyst/