Binance CFO resigns following $6.3 billion cryptocurrency hack
Binance Holdings Ltd., the world's largest cryptocurrency exchange, has announced the departure of its Chief Financial Officer, Kaiser Ng, days... The post Binance CFO resigns following $6.3 billion cryptocurrency hack appeared first on Nairametrics .
Binance Holdings Ltd., the world's largest cryptocurrency exchange, has announced the resignation of its Chief Financial Officer, Kaiser Ng, in the wake of a massive $6.3 billion cryptocurrency hack. Ng, who has been with Binance for over five years, will be succeeded by Justin Yek, a former finance executive at payments company Airwallex.
Yi He, Binance's co-Chief Executive Officer, revealed the leadership change in a statement on November 7, 2026, stating that the transition process had been ongoing for six months. The attack, described as the largest in cryptocurrency history, has raised concerns about cybersecurity vulnerabilities in global digital asset exchanges.
The FBI has attributed the breach to North Korean hackers. Ng joined Binance in January 2022 after working at Kraken for approximately five years. Yek, who most recently served as vice-president of finance at Airwallex, expressed his enthusiasm to oversee Binance's financial operations as the company continues its international expansion.
The leadership change follows Binance's efforts to recover from the cyberattack, during which it allegedly reimbursed approximately 90% of the stolen funds. The incident highlights the growing security challenges faced by cryptocurrency exchanges as digital assets become more popular among investors.
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