Binance CFO Kaiser Ng Steps Down

Binance announced that Chief Financial Officer Kaiser Ng is leaving the company after five years. Justin Yek will step in as the new finance chief following a recent exchange security breach.

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration

Binance CFO Kaiser Ng is stepping down after five years, with Justin Yek named as his successor following a record $6.3B crypto theft. The leadership change comes just days after the security breach at the world's largest cryptocurrency exchange. The executive departure follows a transition plan implemented over the last six months.