Binance CFO Kaiser Ng steps down, Justin Yek named new finance chief
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Binance finance chief Kaiser Ng is leaving the company to pursue a new venture.
- ✓Justin Yek, formerly of Airwallex, will take over the role.
- ✓"Kaiser Ng has decided to pursue a new venture after more than five years at Binance," said Co-CEO Yi He.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Nov 7 (Reuters) - Binance's finance chief Kaiser Ng is leaving the company to pursue another venture, the world's biggest cryptocurrency exchange said days after hackers stole $6.3 billion from the platform in a record heist.
"Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year," Binance Co-Chief Executive Officer Yi He said in a statement on Saturday.
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Justin Yek, a longtime finance executive who was most recently vice-president of finance at Airwallex, is taking over as CFO.
The announcement comes just over a week after Binance said hackers stole cryptocurrency in a sophisticated attack that began months earlier with the compromise of several employees' computers.
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