Binance’s finance chief Kaiser Ng is reportedly leaving that company to pursue a brand new enterprise.
“Kaiser Ng has determined to pursue a brand new enterprise after greater than 5 years at Binance, with a transition plan carried out over the past half yr,” Binance co-CEO Yi He stated in a press release obtained by Reuters on Saturday.
Ng’s LinkedIn profile says he has been Binance’s chief monetary officer since January 2022 and earlier than that served in the identical capability at crypto trade Kraken for about 5 years.
He might be changed by Justin Yek, who was previously vice-president of finance at Airwallex, in accordance to the report.
The information comes just a little greater than per week after Binance was hacked for a file $6.3 billion.
Cointelegraph reported that hackers stole about $6.3 billion from Binance on Oct. 29, within the largest cryptocurrency theft on record. Binance stated it might soak up the losses somewhat than cross them on to prospects.
The assault has been attributed to North Korean hackers by the FBI and a number of other researchers, a cost that nation has denied.
Magazine: Asian crypto exchanges batten down the hatches as hacks surge: Asia Express
Cointelegraph by Michael Millard Binance finance chief to leave company cointelegraph.com 2026-11-08 08:12:56
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