Binance CFO Kaiser Ng is reportedly leaving the company to start a new venture.
“Emperor Ng has decided to start a new company after more than five years at Binance, with a transition plan implemented over the past six months,” Binance co-CEO Yi He said in a statement obtained from Reuters on Saturday.
Ng’s LinkedIn profile says he has been Binance’s chief financial officer since January 2022 and previously served in the same role at crypto exchange Kraken for about five years.
According to the report, he will be replaced by Justin Yek, who was previously vice president of finance at Airwallex.
The news comes just over a week after Binance was hacked for a record $6.3 billion.
Cointelegraph reported that hackers stole around $6.3 billion from Binance on October 29, marking the largest cryptocurrency theft on record. Binance said it would absorb the losses instead of passing them on to customers.
The attack was attributed by the FBI and several researchers to North Korean hackers, a claim the country has rejected.
Magazine: Asian crypto exchanges batten down hatches as hacker attacks rise: Asia Express
