On: Binance-hacker-1029 – $5.6B stolen from Binance

[gizajob]

Market cap has nothing to do with free cash to absorb a $6billion loss. Money is also going to pour out of Binance now, one would imagine.

[throw-qqqqq → gizajob]

> Market cap has nothing to do with free cash to absorb a $6billion loss

I agree. My wording was imprecise. I was trying to give an idea of the size of the company/ecosystem, using BNB’s market cap as a proxy.

As Binance doesn’t publish their financial statements, it’s difficult to get the more relevant metrics, like FCF.