Binance CFO Kaiser Ng Steps Down, Justin Yek Named New Finance Chief
Binance said the change follows a transition plan and comes after hackers stole $6.3 billion in cryptocurrency from users.
- On Nov 7, 2026, Binance replaced Chief Financial Officer Kaiser Ng with Justin Yek, a former Airwallex executive, days after hackers stole a record $6.3 billion from the cryptocurrency exchange.
- Hackers compromised Binance employees' computers through malware hidden in software downloads and fake job recruitment efforts targeting engineers, initiating the sophisticated breach months before the theft occurred.
- According to Binance Co-Chief Executive Officer, Kaiser has "decided to pursue a new venture after more than five years at Binance," with a transition plan "implemented over the last half year."
- Confirming "Binance will bear the financial impact of the stolen funds," the exchange announced it will fully reimburse all affected customers without passing losses to users.
- Attribution for the theft centers on a North Korean group called TraderTraitor, which The FBI and Binance have blamed; Pyongyang has denied the allegation amid ongoing investigations.
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17 Articles
Kaiser Ng, the CFO of the world's largest cryptocurrency exchange, will leave his position after more than five years at the company • The departure comes about a week after the largest cyberattack in the history of the crypto industry, during which $6.3 billion worth of digital currencies were stolen
The biggest crypto-honey exchange, Binance, announced the departure of financial director Kaiser Ng a few days after the hacker attack and the theft of over $6 billion. Financial director Binance Holdings Ltd. Kaiser Ng left the world's largest cryptobirju a few days after hackers stole more than $6 billion, wrote Bloomberg. "Caiser Ng decided to pursue a new project after more than five years of work in Binance, the transition plan was implemen…
Channel News Asia
Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief
Nov 7 : Binance said on Saturday that Chief Financial Officer Kaiser Ng would leave the company and be succeeded by Justin Yek, days after hackers stole a record $6.3 billion from the world's biggest cryptocurrency exchange."Kaiser Ng has decided to pursue a new venture after more than five years at Binance,
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