NEW YORK – Binance’s finance chief Kaiser Ng is leaving the corporate to pursue one other enterprise, the world’s largest cryptocurrency alternate stated days after hackers stole US$6.3 billion (S$8 billion) from the platform in a record heist.
“Kaiser Ng has determined to pursue a brand new enterprise after greater than 5 years at Binance, with a transition plan carried out during the last half 12 months,” Binance co-chief govt officer Yi He stated in a press release on Nov 7.
Justin Yek, a longtime finance govt who was most not too long ago vice-president of finance at Airwallex, is taking up as CFO.
The announcement comes simply over every week after Binance stated hackers stole cryptocurrency in a classy assault that started months earlier with the compromise of a number of workers’ computer systems.
Binance has stated the breach, which unfolded on Oct 29, began with malware hidden in software program downloads and faux job recruitment efforts focusing on engineers. It stated it can totally reimburse affected clients.
The FBI has blamed a North Korean hacking group for the theft, an allegation Pyongyang has denied.
Ng has been CFO at Binance since January 2022 and has beforehand labored at rival crypto alternate Kraken, in accordance with his LinkedIn profile. REUTERS
