Binance CFO Kaiser Ng is stepping down to pursue a new venture, the world’s largest cryptocurrency exchange said on Saturday, as reported by Reuters.
The announcement came just over a week after hackers stole US$6.3 billion from the platform in the largest crypto heist on record.
“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,”
said Yi He, Co-Chief Executive Officer, Binance.
Taking over as CFO is Justin Yek, who joins from Airwallex, where he was most recently Vice President of Finance.
Ng has served as the Binance CFO since January 2022. He previously worked at rival exchange Kraken, according to his LinkedIn profile.
Binance has said the breach unfolded on October 29 but began months earlier, when attackers compromised several employees’ computers.
The company traced the intrusion to malware hidden in software downloads and fake recruitment approaches aimed at its engineers.
The FBI has attributed the theft to a North Korean hacking group, an allegation Pyongyang has denied.
Binance has pledged to fully reimburse affected customers and said in early November that it had covered 95% of the stolen assets.
Featured image credit: Edited by Fintech News Singapore, based on image by Airwallex and dit26978 via Magnific
