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.…
Read it in your languageMachine translation by Google of the publisher's page
More in Business
From the blog
Mercado Bitcoin Halts Withdrawals Following $40M in Odd Transfers
Brazil-based crypto platform Mercado Bitcoin temporarily paused deposits and withdrawals after suspicious transfers drained over $40 million in assets across…
Yuki Yamamoto2 min read
CFTC Paves Way for Crypto Regulation Amid Congressional Stalemate
TL;DR The CFTC is developing a federal framework for certain leveraged and margined retail crypto transactions. The proposal could give…
Yuki Yamamoto3 min read
Trezor Upgrades Wallet Security After $100M Coldcard Exploit
Hardware wallet maker Trezor has increased its maximum wallet passphrase limit from 50 to 128 characters, aiming to enhance digital…
Yuki Yamamoto2 min read