🔴 Binance CFO Kaiser Ng to Step Down Following Record Hack
Kaiser Ng is leaving Binance after more than five years to pursue a new venture. Co-CEO Yi He confirmed the departure, stating that a transition plan has been in motion for the last six months.
Justin Yek, formerly the vice-president of finance at Airwallex, will replace Ng. Before joining Binance as CFO in 2022, Ng served in the same role at the crypto exchange Kraken.
This leadership change comes just over a week after Binance suffered a record-breaking $6.3 billion hack on Oct. 29. The FBI and researchers have attributed the exploit to North Korean hackers, though the country denies the claims.
Binance previously announced it would absorb the massive losses internally to ensure customers are not affected by the theft, which remains the largest in cryptocurrency history.
#Binance #KaiserNg #CryptoNews #Hacking
Kaiser Ng is leaving Binance after more than five years to pursue a new venture. Co-CEO Yi He confirmed the departure, stating that a transition plan has been in motion for the last six months.
Justin Yek, formerly the vice-president of finance at Airwallex, will replace Ng. Before joining Binance as CFO in 2022, Ng served in the same role at the crypto exchange Kraken.
This leadership change comes just over a week after Binance suffered a record-breaking $6.3 billion hack on Oct. 29. The FBI and researchers have attributed the exploit to North Korean hackers, though the country denies the claims.
Binance previously announced it would absorb the massive losses internally to ensure customers are not affected by the theft, which remains the largest in cryptocurrency history.
#Binance #KaiserNg #CryptoNews #Hacking