Binance Names New CFO After Six-Month Handover, Days After $6.3 Billion Hack

TLDR Binance CFO Kaiser Ng is leaving to pursue a new venture after more than five years at the exchange. Justin Yek, formerly vice president of finance at Airwallex, is the new CFO. Binance said a transition plan had been in place for the last six months. The change came just over a week after hackers stole $6.3 billion in the largest crypto heist on record. Binance said it has covered 95% of the stolen assets and will fully reimburse customers. Binance has named Justin Yek as its new chief financial officer. He replaces Kaiser Ng, who is leaving the world’s largest cryptocurrency exchange to pursue a new venture. The company announced the change on Saturday, November 7.

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