Binance names new CFO following massive crypto hack

Crypto exchange Binance has announced the appointment of Justin Yek as its new Chief Financial Officer, according to reports by Seeking Alpha and Handelsblatt. The appointment follows a major hack of the platform involving the theft of massive sums; while Seeking Alpha reported the loss at 6.3 billion dollars, Handelsblatt cited a figure of 6.4 billion dollars. The management change comes as the company works to address the consequences of the security breach. Further details have not yet been released.