Binance CFO Kaiser Ng Leaves for New Venture After $6.3 Billion Hack
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Binance CFO Kaiser Ng is leaving after more than five years to pursue a new venture, co-CEO Yi He said; Justin Yek succeeds him after a transition planned over six months. The move comes just over a week after hackers stole $6.3 billion in cryptocurrency from users. Withdrawals were frozen for days; once unfrozen, users withdrew a net $3.6 billion in the first few hours. Binance and the FBI blamed North Korea’s TraderTraitor group; Binance pledged to cover all stolen funds without passing losses to users.
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