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Binance says CFO Kaiser Ng is leaving to "pursue a new venture" days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO (Bloomberg)

Techmeme ·

Binance says CFO Kaiser Ng is leaving to "pursue a new venture" days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO (Bloomberg)

The Brief · written from 2 sources

  • Binance says CFO Kaiser Ng is leaving to "pursue a new venture".
  • The announcement comes barely more than a week after hackers stole $6.3 billion in cryptocurrency from Binance users.
  • Binance names Justin Yek as CFO, with a six-month transition plan.

Why it matters

A senior finance leadership change at a major crypto exchange, announced shortly after a large theft from its users, with a six-month handover planned.

Who’s affected

  • Binance users
  • Crypto traders and investors
  • #binance
  • #crypto
  • #leadership
  • #cfo
  • #hack

Bloomberg : Binance says CFO Kaiser Ng is leaving to “pursue a new venture” days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO — Kaiser Ng, the chief financial officer at Binance Holdings Ltd., the world's largest crypto…

Timeline

  1. Binance announces Kaiser Ng is leaving as CFO and names Justin Yek as CFO, with a six-month transition plan

  2. TechCrunch

    Binance CFO is leaving to ‘pursue a new venture’ after $6.3 billion hack

  3. Techmeme

    Binance says CFO Kaiser Ng is leaving to "pursue a new venture" days after a $6.3B hack, citing a six-month transition plan, and names Justin Yek as CFO (Bloomberg)

Full coverage · 2 sources

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