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Binance CFO exits days after $6.3B crypto hack

Binance CFO exits days after $6.3B crypto hack

Kaiser Ng, chief financial officer of cryptocurrency exchange Binance, is leaving the firm. The leadership change comes just over a week after a record-breaking breach in which hackers stole $6.3 billion from Binance users.

On Nov. 7, Binance’s co-CEO Yi He said in a statement that Ng “has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last six months,” according to Bloomberg. 

In a LinkedIn post, Ng said he decided to build something of his own and will be “moving from the CFO’s chair to the founder’s.” He added: “Finance is seldom the loudest function in a company, but it is where trust is earned….

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