Binance CFO Kaiser Ng to Leave; Successor Named
Binance CFO Kaiser Ng is leaving after more than five years to pursue a new venture. Justin Yek, formerly Airwallex’s vice president of finance, will replace him.
Kaiser Ng is leaving Binance to pursue a new venture after more than five years at the cryptocurrency exchange. Justin Yek, formerly Airwallex’s vice president of finance, will replace him, according to a statement published Nov. 7.
In the statement, Binance co-CEO Yi He described Ng’s departure as a personal decision. Binance has carried out a transition plan over the past six months.
Ng’s LinkedIn profile lists him as Binance’s chief financial officer since January 2022. Before joining Binance, he spent about five years as chief financial officer of cryptocurrency exchange Kraken.
Yek previously held the position of vice president of finance at Airwallex.
The announcement came more than a week after a reported $6.3 billion theft from Binance on Oct. 29. The reported theft was the largest cryptocurrency theft on record.
Binance said it would absorb the losses rather than pass them to customers. The FBI and several researchers have attributed the attack to North Korean hackers. North Korea has denied the allegation.
Reviewed and fact-checked by Alex Panasenko on November 8.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
