Binance CFO resignation follows $6B hack, but Yi He says it was planned

Although the Binance CFO resignation came just nine days after hackers made off with more than $6 billion from the exchange, co-CEO Yi He insists the leadership change was actually planned six months in advance. Kaiser Ng is stepping down after more than five years at Binance, with former Airwallex finance executive Justin Yek named as his replacement. Key takeaways Justin Yek will succeed Kaiser Ng as Binance’s CFO. Yi He says the six-month transition plan predates the hack. Binance had replaced about 95% of affected assets using its own funds by November 2. Binance CFO resignation follows a planned transition Yek will take over the finance role after most recently serving as vice president of finance at payments firm Airwallex .

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