How Binance can afford this fine?

[Anonymous No.56742442]

Binance annual net profits oscillates between $500 and $800 million dollars.
The fine is 4.3 billion dollars, 5 years worth of Binance's net profit, how the fuck are they going to pay this fine?

Cut the bullshit and show us the math.

[Anonymous No.56742449]

>>56742442
Pocket change. They will just burn some terrorist wallets.

[Anonymous No.56742450]

>Creates largest crypto exchange in 6 months
>Targeted by agencies globally
>Unrelenting negative press coverage
>Shitposts through it all
>Settles with gov, walks a free man
>Retains ownership of company, can return after 3 yrs
>Exchange operates seamlessly throughout this saga

sam lost btw

[Anonymous No.56742457]

>>56742442
they were probably frontrunning the bnb dump, don't you think they have at least 20% of the supply?

[Anonymous No.56742458]

>>56742442
Yeah isn't that more money than Sam bankfraud stole? Make it make sense.

[Anonymous No.56742496]

>>56742449
> just burn some terrorist wallets.
that will be another $2 billion dollars fine

[Anonymous No.56742699]

>>56742442
They have minimum 90 billion liquid idiot, it's pocket change for them you're a dumb gorilla nigger

[Anonymous No.56742720]

>>56742458
Binance is an actual big exchange, what more do you need?

[Anonymous No.56742731]

>work your ass of to raise 4.3 billion
>the US government takes it in an instant with a stroke of a pen
why live?

[Anonymous No.56742774]

>>56742731
This is a good case for never doing business in USA.
In fact you should never touch the US dollar even if you don't operate in US, due to the extraterritoriality of the US Dollar.
But that's another topic.

[Anonymous No.56742859]

>>56742450
Based chink got the Jew
>>56742458
Exactly. Banks get smaller fines for money laundering all the time. This is to stick it to crypto exchanges that try to do what Binance did. They took only $100 million from bitmex but Binance is going to remain a huge player in crypto going forward

[Anonymous No.56742896]

>>56742442
the same way Chainlink can afford 600 employees with 6 digits salaries with only $60k cumulative profit off CCIP

[Anonymous No.56743045]

>>56742896
So pump and dump BNB it is then?

[Anonymous No.56743136]

>>56742859
>HSBC's was fined $1.9 billion in 2012 for its flawed anti-money laundering controls
But HSBC annual net profit is around 18 billions, while binance is a mere half billion.
Good luck figuring out how they will afford that.

[Anonymous No.56743150]

[Anonymous No.56743152]

>>56742774
every company i worked with said exporting to the US is such a pain in the ass but it's a huge market.

[Anonymous No.56743170]

>>56743150
exactly now compare HSBC and Binance annual net profits.

[Anonymous No.56743208]

>>56742450
>can return after 3 yrs
lol really?

[Anonymous No.56743222]

as soon as jews pump btc, cz will get his money back since he prob even has more bitcoins than satoshi. he'll dump on jews so hard, they'll have to halt their plastic nose surgeries

[Anonymous No.56743429]

>>56743222
first they will short it with the 4bil, so they can dca down.

meanwhile CZ will be 90-4=86 bil and in 3 years hes gon be 270bil.

I think its fair

[Anonymous No.56743448]

>>56743429
meanwhile cz already sold multiple times building the whole market with various funds.

will be buyin with them literaly at the same time

meanwhile they will be pumpin his bags each time

while he will be super dumping on them in long run

absolute GIGA chad

[Anonymous No.56743484]

>>56743429
>>56743448
or maybe they are spending tens of millions to avoid BNB crashing into oblivion

[Anonymous No.56743571]

>>56742442
They probably only list their profit as their trading fees and don't include appreciation of their assets in their profit statements.

i.e. if the binance company treasury (not customer deposits) has many hundreds of thousands of BTC etc and those btc become worth many billions, they don't list that as yearly profit.

also, CZ is worth 30-60 billion so he can just loan or give binance the 4 billion to pay

[Anonymous No.56743774]

>>56743571
>give binance the 4 billion to pay
he could have already just announced that then but he didn't, instead he's very quiet

[Anonymous No.56743784]

>>56742442
this math assumes he had no crypto when he started binance and didnt sell the top or buy the bottom

[Anonymous No.56743793]

>>56743784
Ok, so he is paying the fine with his own money?
He didn't say a word about such plan though, he could have cleared that up right away.

[Anonymous No.56743880]

>>56742442
>Binance annual net profits oscillates between $500 and $800 million dollars.
This is completely false, binance is a private company and hasn't released any numbers since 2020 when they made around $900 million. That's 2020, when bitcoin was like $6k and BSC didn't blow up yet. Binance could easily have had $10 billion+ in profit in 2021.

[Anonymous No.56743988]

>>56742450
CZ is a bigger SBF.

The fact some of the drooling idiots on here are propagandized to defend him as some kind of defender of noble shticoins, as opposed to Sam, just shows how dumb /biz/ has really become.

CZ was a more malign influence than anyone else in the space.

[Anonymous No.56744046]

>>56743880
>when bitcoin was like $6k and BSC didn't blow up yet
it's was the 2021 actually, also I said "no bullshit" since you start mixing annual net profit with customer funds valuation.

[Anonymous No.56744060]

>>56744046
Post a source or you are just making numbers up. Its a private company, you don't know the profits.

[Anonymous No.56744070]

>>56744060
>Binance could easily have had $10 billion+ in profit in 2021.
> Its a private company, you don't know the profits.
you are making up random numbers while I, at least, did a google search

[Anonymous No.56744092]

>>56742496
They they will burn some criminals' wallets honestly it's like talking to children here

[Anonymous No.56744143]

>>56744092
>making up some completely random claim about burning "criminals wallet"
>it's like talking to children here
go back to plebbit

[Anonymous No.56744153]

>>56742442
They will fuck over users' holdings who haven't logged in for months and rig the transaction history.

Get your coins out of binance now.

[Anonymous No.56744157]

>>56744070
Yes I said could have. You, OP, stated said
>Binance annual net profits oscillates between $500 and $800 million dollars.
which you pulled from your ass. Or you are citing the pre-2020 numbers.

> I, at least, did a google search
lmao ok. So your sources is "google search." Now google "binance revenue," both google and the wikipeida page would pretty much disprove what you are saying and they both say $12 billion revenue for 2022. Exchanges have extremely high profit margins, so that is probably 80-90%+ profit, but even if you assume standard tech company profits it is many billions in profit. And 2022 was a bear year, it could have been double that in 2021 for all we know.

[Anonymous No.56744168]

>>56744143
Ugh, I bet you're racist

[Anonymous No.56744341]

>>56744168
I shit in you mouth

[Anonymous No.56744361]

>>56744157
>$12 billion revenue for 2022
You can bet there are always this special fuck face smug which will proudly think he got his gocha moment while he is just confusing net profit with revenue.
Absolute retard.

[Anonymous No.56744381]

>>56744153
Card processing isn't available for Euros. They're "working on it".
Am I fucked, bros?
I got like 210 Europacoins Stirling in there.

[Anonymous No.56744412]

probably worth noting that a 4b fine isn't due in 30 days. you can pay it over time etc

[Anonymous No.56744452]

>>56744381
I'm legit sorry for you

[Anonymous No.56744467]

>>56744412
>probably worth noting that a 4b fine isn't due in 30 days. you can pay it over time etc
all your net profit for the next 5 years?
half your profit over 10 years?

[Anonymous No.56744504]

>>56744452
Onto the next one then.

[Anonymous No.56744743]

>>56743988
>>56742450

Sam Bankman Fried (SBF) literally erased billions of hard working americans funds, CZ didn't do that.

[Anonymous No.56744769]

>>56744168
Ugh, I bet you got AIDS from niggers

[Anonymous No.56745150]

>>56744743
>CZ didn't do that.
yet

[Anonymous No.56745197]

They made like 20 billion in the Las bull market, plus probably a lot in the last 2 year as well from late shorting retards so, so they can do it but it probably hurts

[Anonymous No.56745228]

>>56745197
>he confuses net profit with revenue
I don't mind if you count on user funds to solve the $4 billions equation, but then I will never use binance ever again.

[Anonymous No.56745287]

>>56742442
They'll just sell all the wallets identified as being tied to terrorists, mobsters, chomos, and drug dealers. If that doesn't cover it they'll just liquidate the American whales they onboarded illegally to the platform using VPNs who they will also report to the feds for prosecution. Since that covers 99% of their holdings/users they can easily cover it. Sure, this will completely destroy Binance as a company but did they actually think they could be a profitable exchange catering to the 15 Bulgarians that were trading legitimately while doing proper KYC?

[Anonymous No.56745312]

>>56742442
By taking your assets

[Anonymous No.56745315]

>>56743170
it's not net profits though, it's making an example of the blatant money launderers.

[Anonymous No.56745377]

>>56743988
sbf gave his weasel customer funds to trade to 0. the kike and the chink are very different animals.

[Anonymous No.56745864]

>>56744361
Read my post, retard, I clearly explain that.

[Anonymous No.56745879]

>>56745228
god you are just a retard, no one is confusing revenue with profit, you are 80 IQ if that confuses you.

[Anonymous No.56745909]

own a small amount of bnb considering dumping it all or buying a large sum dont know what to do