# Binance CFO is leaving to ‘pursue a new venture’ after $6.3 billion hack

- URL: https://talkfuse.com/story/binance-cfo-is-leaving-to-pursue-a-new-venture-after-6-3-billion-hack/
- Published: 2026-11-07T17:24:07+00:00
- Updated: 2026-11-07T17:33:41+00:00
- Original publisher: TechCrunch
- Original article: https://techcrunch.com/2026/11/07/binance-cfo-is-leaving-to-pursue-a-new-venture-after-6-3-billion-hack/
- Topics: Business, Crypto, Cybersecurity, Technology

## Key points

- Binance CFO Kaiser Ng is leaving after more than five years.
- The departure follows a $6.3 billion theft from users.
- Justin Yek will take over as CFO.

## Summary

Binance chief financial officer Kaiser Ng is leaving to pursue a new venture after more than five years at the cryptocurrency exchange. His departure comes days after a $6.3 billion cryptocurrency theft from Binance users, raising questions about the company’s leadership during a major security and confidence crisis.

Co-CEO Yi He said a transition plan had been underway for six months, and Justin Yek will replace Ng as CFO. Binance froze withdrawals for several days after the hack; once they resumed, users withdrew a net $3.6 billion in the first few hours. Binance and the FBI blamed the North Korean group TraderTraitor, and Binance said it would cover the stolen funds rather than pass the losses on to users.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.