Binance CFO Kaiser Ng steps down after hackers stole $6.3B; Justin Yek named new finance chief

Binance finance chief Kaiser Ng is leaving after more than five years at the cryptocurrency exchange to pursue a new venture. His departure follows a reported $6.3 billion theft from the platform, placing leadership and security under scrutiny as Binance manages the breach.

Justin Yek, formerly vice-president of finance at Airwallex, will become CFO. Binance said the attack began with malware in software downloads and fake recruitment approaches targeting engineers, and that it will reimburse affected customers. The FBI attributed the theft to a North Korean hacking group, which Pyongyang has denied; Ng had been CFO since January 2022.