What Are the Tax Implications of the Alleged Binance Wallet Hack (or Any Crypto Exploit)?

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    According to on-chain data, the attacked wallet received $26 million from another Binance hot wallet called “Binance 16” on Nov. 5. This may speak to and against the Binance Insider theory, in that someone at Binance may be privy to know the wallet was recently topped up but also that, because Binance is a prime target for attacks, being something as a trophy for hackers, being the largest exchange and all, it’s likely the exchange’s hot wallets are monitored closely by would-be hackers.


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