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

In line with on-chain information, the attacked pockets acquired $26 million from one other Binance scorching pockets known as “Binance 16” on Nov. 5. This may occasionally converse to and in opposition to the Binance Insider idea, in that somebody at Binance could also be aware of know the pockets was not too long ago topped up but additionally that, as a result of Binance is a first-rate goal for assaults, being one thing as a trophy for hackers, being the biggest trade and all, it’s doubtless the trade’s scorching wallets are monitored carefully by would-be hackers.