Binance’s finance chief Kaiser Ng to leave company, report says
Ng will be replaced by Justin Yek, who was formerly vice-president of finance at Airwallex.
Binance's finance chief, Kaiser Ng, is set to depart the company, according to a recent report. The move comes after more than five years at Binance, with a transition plan put in place over the past half-year. Binance co-CEO Yi He confirmed Ng's departure in a statement to Reuters, stating that Ng will be replaced by Justin Yek, who was previously vice-president of finance at Airwallex.
Ng's tenure at Binance began in January 2022, prior to which he held the same position at crypto exchange Kraken for around five years. This news arrives just over a week after Binance suffered a record $6.3 billion hack, the largest cryptocurrency theft on record, according to Cointelegraph. The attack, attributed to North Korean hackers by the FBI and several researchers, has not been officially confirmed by the North Korean government.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
