Binance CFO Kaiser Ng steps down, Justin Yek to take over.

According to Bloomberg, Binance announced that Chief Financial Officer Kaiser Ng will step down, with Justin Yek taking over as CFO. The personnel change was announced days after the platform suffered a $6.3 billion cryptocurrency asset theft incident. Binance Co-CEO He Yi stated in a declaration that Ng has decided to pursue a new career, and the relevant handover plan has been ongoing over the past six months. She wished Ng success in his next phase. According to Ng’s LinkedIn profile, he joined Binance in January 2022 and previously worked at crypto trading platform Kraken for about five years. As of the report’s publication, Ng has not responded to Bloomberg’s request for comment sent via LinkedIn. The successor Yek most recently served as Vice President of Finance at payment platform Airwallex. Yek said in a statement: “I am delighted to take on the role of Binance Chief Financial Officer, and look forward to leading the finance team as the company continues to scale responsibly and fulfill our mission globally.” Prior to the handover announcement, Binance had experienced the largest cryptocurrency theft incident in the industry to date. The FBI attributed the attack to North Korea on October 31. Binance later stated that it had recovered approximately 90% of the stolen assets and continued to advance its commitment to fully compensate customers.