Some analysts have crunched the numbers: over the past five years, Binance has absorbed about $10.7 billion in fines and theft-related losses—56% of its estimated profits.
💪 These figures are external estimates; Binance has never published financial statements. And about $3 billion of what was stolen this time has been frozen, with some of it still recoverable. Being able to fully cover a loss this big really shows how deep its pockets are.
💪 These figures are external estimates; Binance has never published financial statements. And about $3 billion of what was stolen this time has been frozen, with some of it still recoverable. Being able to fully cover a loss this big really shows how deep its pockets are.
