Binance CFO steps down days after multibillion-dollar hack
Kaiser Ng is leaving his role at the crypto exchange to be succeeded by Justin Yek, according to reports by Bloomberg and Reuters.
Binance Chief Financial Officer Kaiser Ng has announced his resignation to pursue a new venture. According to reports by Bloomberg and Reuters, the move comes just days after a hack involving 6.3 billion dollars hit the world's largest crypto exchange. The company stated that a six-month transition plan will be implemented. Concurrently, the firm announced the appointment of Justin Yek as the new Chief Financial Officer to replace Ng. Further details regarding the circumstances of the departure and the impact of the hack on the company's organizational structure have not yet been released.