Binance Names Justin Yek CFO as Kaiser Ng Leaves
Binance says Ng is pursuing another venture, while longtime finance executive Justin Yek takes over after a $6.3 billion hack.
Key takeaways
- Kaiser Ng is leaving Binance to pursue another venture after more than five years.
- Justin Yek, formerly Airwallex’s vice-president of finance, is taking over as CFO.
Binance CFO Kaiser Ng is leaving the cryptocurrency exchange to pursue another venture, and Justin Yek will take over the role. Binance made the announcement on November 7, days after hackers stole $6.3 billion from the platform.
Co-CEO Yi He said Ng’s transition plan had been in place for the past six months. Ng had worked at Binance for more than five years.
Yek was most recently vice-president of finance at Airwallex. Binance said the hack began on October 29 and that it would fully reimburse affected customers. The FBI blamed a North Korean hacking group for the theft; Pyongyang denied the allegation.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
