Business · Companies · 4 hrs ago
Binance CFO Kaiser Ng steps down after $6.3-billion hack
Binance CFO Kaiser Ng is leaving the world’s biggest cryptocurrency exchange to pursue another venture after more than five years there.
Justin Yek will take over as CFO; he most recently served as vice-president of finance at payments platform Airwallex.
The leadership change follows a $6.3-billion cryptocurrency theft from Binance in an attack disclosed just over a week ago.
Binance said the breach began months earlier, with malware in software downloads and fake job offers targeting engineers.
Binance says affected customers will be fully reimbursed, while the FBI has blamed a North Korean hacking group, an accusation Pyongyang denies.
Ng’s departure comes as the company handles the aftermath of the attack; Binance says a transition plan for his role has been in place over the past six months.
Binance CFO Kaiser Ng is leaving the cryptocurrency exchange to pursue a new venture.
Justin Yek, formerly Airwallex’s vice-president of finance, will succeed him.
The announcement came days after hackers stole cryptocurrency from Binance in a record attack.
Binance said it would fully reimburse affected customers.
The FBI blamed a North Korean hacking group, an allegation Pyongyang denied.
- Who
- Kaiser Ng is leaving Binance, and Justin Yek will take over as CFO.
- What
- Binance announced a change in its finance leadership after a major hack.
- When
- The announcement was made on November 7, 2026.
- Where
- Binance, the world’s largest cryptocurrency exchange. The attack was on the platform.
- Why
- Ng said he was leaving to pursue a new venture. The leadership change followed a hack that stole billions of dollars in cryptocurrency.
FBI
Pyongyang
Attribution for the hack
FBI
The FBI blamed a North Korean hacking group for the theft.
Pyongyang
Pyongyang denied the allegation.
The attack began with several employees’ computers being compromised, according to Binance.
Binance said the breach began with malware in software downloads and fake job recruitment efforts targeting engineers.
Binance announced that Kaiser Ng was leaving and Justin Yek would become CFO.
- Reported loss
- US$6.3 billion in Globe and Mail, UOL and CNN Brasil; US$6.4 billion in Handelsblatt
- Outgoing CFO
- Kaiser Ng
- Incoming CFO
- Justin Yek, formerly Airwallex’s vice-president of finance
- Breach date
- October 29, 2026
- Customer reimbursements
- Binance said it would fully reimburse affected customers
10 sources
Binance names new CFO days after $6.3 billion cryptocurrency hack
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Binance CFO Kaiser Ng steps down days after hackers steal $6.3-billion
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What people are saying
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
I am very much looking forward to the position of CFO at Binance. I look forward to leading our finance organization as we continue to grow responsibly and advance our mission worldwide.