Binance The financial officer will be leaving the position
Cointelegraph
1h ago
Ai Focus
It is reported that Binance, the financial director, Kaiser Ng, will leave the company to pursue new entrepreneurial projects; Justin Yek, the former vice president of finance at Airwallex, will take over. Not long before the announcement of this news, Binance had just experienced a hacker attack that was described as record-breaking.
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It is reported that Binance, the financial officer, Kaiser Ng, will be leaving the company.

Co-CEO Yi He stated in a statement obtained by Reuters on Saturday: "After working at Binance for over five years, Kaiser Ng has decided to pursue new entrepreneurial projects and has been working on the handover plan for the past six months."

According to the LinkedIn information of Ng, he has been serving as the Chief Financial Officer of Binance since January 2022. Prior to that, he held the same position at the cryptocurrency exchange Kraken for approximately five years.

It is reported that Ng will be succeeded by Justin Yek, who was previously the Vice President of Finance for Airwallex.

More than a week before this message was published, Binance had just suffered a record-breaking hacker attack worth 6.3 billion US dollars.

Cointelegraph reports that on October 29, hackers stole approximately $6.3 billion from Binance, making it the largest cryptocurrency theft case on record. Binance stated that they will bear the losses themselves and will not pass them on to customers.

The Federal Bureau of Investigation (FBI) and several researchers attributed this attack to North Korean hackers, but North Korea has denied these accusations.

Magazines:Asian crypto exchanges strengthen defenses due to a surge in hacker attacks: Asia Express

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