Binance CFO Kaiser Ng exits after $6.3 billion crypto heist; Justin Yek takes over
Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief.
Binance's Chief Financial Officer, Kaiser Ng, is stepping down from the company to embark on a new venture, the exchange announced after a massive $6.3 billion heist. Ng, who had been with Binance for over five years, said the transition was planned over the past half year. Binance's Co-Chief Executive Officer, Yi He, revealed the decision in a statement on Saturday.
Justin Yek, who previously served as Vice-President of Finance at Airwallex, will assume the role of CFO. This announcement follows the large-scale theft, which began months ago with compromised employee computers. Binance has stated it will fully reimburse affected customers. The FBI has attributed the breach to a North Korean hacking group, a claim Pyongyang has denied.
Ng has been CFO at Binance since January 2022 and previously worked at rival crypto exchange Kraken, according to his LinkedIn profile.
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