Binance names Justin Yek as CFO as Kaiser Ng leaves
Business · First reported 7 Nov, 17:32 · Updated 18:19
Binance says Kaiser Ng is leaving to pursue another venture after more than five years, with Justin Yek taking over as CFO. The announcement comes days after the exchange reported a $6.3 billion theft; Binance says it will reimburse affected customers.
- Binance said Kaiser Ng is leaving to pursue another venture after more than five years at the company, following a transition plan that had been in place for six months.
- Justin Yek, formerly Airwallex’s vice-president of finance, is taking over as Binance CFO.
- Binance said hackers stole $6.3 billion in an attack that it said began with malware in software downloads and fake recruitment efforts targeting engineers.
- Binance said it would fully reimburse affected customers. The FBI blamed a North Korean hacking group, an allegation North Korea denied.
Summary written by Lux AI from 3 articles
Key facts
- Departing CFO
- Kaiser Ng
- Incoming CFO
- Justin Yek, formerly vice-president of finance at Airwallex
- Ng’s time at Binance
- More than five years
- Reported theft
- $6.3 billion
- Breach date given
- October 29
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