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Binance’s CFO to leave, stating he will “launch a new career”
TechCrunch
1h ago
Ai Focus
According to Bloomberg, He Yi, Co-CEO of Binance, stated that Chief Financial Officer Kaiser Ng will leave the cryptocurrency exchange to "start a new business." The company has been preparing a handover plan for the past six months. This incident occurs more than a week after approximately $6.3 billion in cryptocurrencies belonging to Binance users were stolen; Binance has stated that it will bear all the financial consequences of the theft and will not pass on the losses to its users.
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Anbin's Chief Financial Officer Kaiser Ng will leave this cryptocurrency exchange.

According to Bloomberg, He Yi, co-CEO of Ng, stated in a statement that his departure will enable him to "launch a new career after more than five years at Binance," and mentioned that a handover plan had been "implemented" over the past six months.

This announcement comes just over a week after hackers stole cryptocurrencies worth $6.3 billion from Binance users. The company froze withdrawals for several days; after the accounts were unfrozen, users withdrew a net amount of $3.6 billion in the first few hours.

Binance and the United States Federal Bureau of Investigation (FBI) attributed this hacking incident to a North Korean organization named TraderTraitor. The company also stated that it would bear all the losses and promised, "Binance will take on the financial impact of the stolen funds. These losses will not be passed on to users."

Ng will succeed Justin Yek as the Chief Financial Officer of Binance.

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