Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief
Binance has appointed Justin Yek as its new CFO following the resignation of Kaiser Ng. This leadership change occurs shortly after the exchange suffered a massive $6.3 billion security breach, which the FBI has attributed to North Korean hackers.
Why it matters
The stability of the world's largest cryptocurrency exchange is critical to global financial markets and digital asset security.
Binance’s finance chief Kaiser Ng is leaving the company to pursue another venture, the world’s biggest cryptocurrency exchange said days after hackers stole $6.3 billion from the platform in a record heist. “Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year,” Binance Co-Chief Executive Officer Yi He said in a statement on Saturday. Justin Yek, a longtime finance executive who was most recently vice-president of finance at Airwallex, is taking over as CFO.
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