Binance says CFO Kaiser Ng is leaving to "pursue a new venture" days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO (Bloomberg)
Kaiser Ng, the chief financial officer at Binance Holdings Ltd., the world's largest crypto exchange …
Binance Holdings Ltd. announced that Chief Financial Officer Kaiser Ng is leaving the company to pursue a new venture. According to Bloomberg, the company has named Justin Yek as the new CFO and is implementing a six-month transition plan.
The leadership change follows a $6.3 billion cryptocurrency theft from Binance users that occurred last month, according to TechCrunch. Hindustan Times - World News reports that both the FBI and Binance have blamed North Korea for the hack, while blockchain investigation firms have attributed the attack to a North Korean hacking group called “TraderTraitor.” North Korea has denied these accusations, calling them fabricated political provocations.
Brief written by urgent.news from Techmeme, TechCrunch, Hindustan Times - World News — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- North Korea's army of hackers: Kim Jong Un’s ‘secret weapon’ behind the $6.3-billion Binance hack hindustantimes.com
- North Korea's army of world-class hackers is secret weapon that took down Binance channelnewsasia.com
- North Korea's army of world-class hackers is secret weapon that took down Binance jpost.com
- North Korea’s army of world-class hackers is secret weapon that took down Binance investing.com
- Hackers paid US$15 to drain US$2.5b from Binance in one hit straitstimes.com
- Binance hackers had 8 weeks of access before $6.3B exploit, Security Alliance estimates cointelegraph.com
- Hackers paid $15 to drain $2.5bn from Binance in one hit moneyweb.co.za
