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Binance CFO steps down after record crypto theft

Binance CFO steps down after record crypto theft

NEW YORK – Binance’s finance chief Kaiser Ng is leaving the company to pursue another venture, the world’s biggest cryptocurrency exchange said days after hackers stole US$6.3 billion (S$8 billion) from the platform in a record heist.

“Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year,” Binance Co-Chief Executive Officer Yi He said in a statement on Nov 7.

Justin Yek, a longtime finance executive who was most recently vice-president of finance at Airwallex, is taking over as CFO.

The announcement comes just over a week after Binance said hackers stole cryptocurrency in a sophisticated attack that began months earlier with the compromise of…

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