Binance’s chief monetary officer Kaiser Ng is leaving the cryptocurrency change.
According to Bloomberg, co-CEO Yi He stated in a assertion that Ng’s departure will permit him to “pursue a new enterprise after greater than 5 years at Binance,” and that a transition plan has been “carried out over the past half 12 months.”
The announcement comes barely greater than a week after hackers stole $6.3 billion worth of cryptocurrency from Binance customers. The corporate froze withdrawals for a number of days; after accounts had been unfrozen, customers withdrew a web $3.6 billion within the first few hours.
Binance and the FBI blamed a North Korean group referred to as TraderTraitor for the hack. The corporate additionally stated that it could cowl all losses, promising, “Binance will bear the monetary affect of the stolen funds. These losses won’t be handed on to customers.”
Ng will likely be changed as CFO by Justin Yek.
