Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
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Key takeaways Recent analyses show that Binance may have lost nearly half of its total revenue to fines and security breaches. Vetle Lunde, lead researcher at K33 Research, estimates that the platform's pre-tax profit between 2021 and 2025 amounted to approximately $19.2 billion (€17.1 billion). Against this stand total expenses for […]
The analysis places Binance's penalty and attack losses at $10.7 billion, or 56 percent of its estimated five-year profit. Reserve data will be released on November 3rd.
Bitcoin.com
BITRSSBinance 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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