K33 Research estimates that Binance's fines and losses over the past five years amount to $10.7 billion.

K33 Research estimates Binance's pre-tax profits from 2021 to 2025 at approximately $19.2 billion, with fines and hacking losses totaling approximately $10.7 billion, representing 56% of pre-tax profits. Fines amount to approximately $4.34 billion, including $4.32 billion in criminal settlements and $20 million in regulatory penalties; hacking losses are estimated at approximately $6.38 billion, including $41 million and $6.34 billion in losses, of which $3 billion has been frozen. Binance's tracked assets have decreased by over 11% since October 29th to approximately $128.3 billion.