Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief
Hackers stole US$6.3 billion (S$8 billion) from the platform in October, in a record heist.
Binance's Chief Finance Officer Kaiser Ng has announced his departure from the cryptocurrency exchange to embark on a new venture, the company disclosed on November 7. The announcement coincides with the revelation that Binance suffered a record $6.3 billion heist in a sophisticated cyber attack that began months earlier with malware hidden in software downloads and fake job recruitment efforts targeting engineers.
Binance CEO Yi He stated that Ng's departure comes after more than five years at the company, adding that a transition plan was implemented over the past half year. Justin Yek, a seasoned finance executive who most recently served as vice-president of finance at Airwallex, has been appointed as Binance's new CFO. The attack, which unfolded on October 29, has been attributed to a North Korean hacking group by the FBI, an allegation Pyongyang has denied.
Ng had been serving as Binance's CFO since January 2022, previously working at rival crypto exchange Kraken according to his LinkedIn profile.
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