Binance’s Fines and Hack Losses Equal 56% of Estimated 2021-25 Pretax Profit

Binance's fines and hack losses equal 56% of its estimated 2021-25 pretax profit. The $6.38 billion in estimated hack losses includes a 2019 theft and an October 2026 attack, both outside the 2021-25 profit window. This highlights the significant financial impact of security breaches and regulatory penalties on the exchange.