alt Hacker NewsFor context, that’s about 10 months of fees for Binance, depending on how much of the volume they trade are discounted and considering current average volumes.
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Not 10 months... Binance revenue was 17B in 2024 (no disclosure in 2025, certainly a bit lower but still). The frozen assets from the stolen 5.8B come close to 3B, so they have at most a 3B loss if nothing is recovered from now on. Significant but that's no more than 3 months of revenue.
So they actually lost a few years' worth of profit on this hack? Could be worse, but not insignificant by any means.
I’m not at all familiar with the crypto space.
Are you suggesting that this is not a big deal? $6B feels like a lot but sounds like in the scheme of things it isn’t as a fraction of trading volume. Is that right?
It's 10 months of revenue, but 10 years of reputation.