Dive Brief:

• Kaiser Ng stepped down from his role as Binance’s CFO after five years in the crypto exchange’s top finance seat with the aim of founding an undisclosed venture of his own, he said Sunday in a LinkedIn post.
• The departure is part of a transition plan the company has implemented during the past six months, Binance co-founder and co-CEO Yi He told Bloomberg in a statement, noting former Airwallex VP of finance Justin Yek has taken the businesses’ top finance seat. Ng’s departure comes about a week after the world’s largest crypto trading platform said hackers siphoned approximately $6.3 billion in digital assets from the platform using a combination of…