Binance’s CFO Leaves Company in Wake of $6 Billion Crypto Heist

Kaiser Ng, the chief financial officer at Binance Holdings Ltd., the world’s largest crypto exchange, is leaving, the company announced just days after hackers stole more than $6 billion in cryptocurrency from the platform. “Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last six months,” Binance co-Chief Executive Officer Yi He said in a statement. “We wish him the best in his next chapter.” Justin Yek will become the firm’s new CFO, she said. Related: Binance $6.3 Billion Heist to Prompt Closer Scrutiny by Insurers Hackers stole $6.3 billion from Binance last week in the biggest heist in cryptocurrency’s history. It came as the industry leapfrogs into the mainstream at a time when the ascent of artificial intelligence presents ever-increasing cybersecurity challenges. Crypto exchanges Bitget, Bybit and other platforms have also suffered major hacks. The FBI said on Oct. 31 that North Korea was responsible for the Binance attack. The exchange subsequently said it had covered about 90% of the $6.3 billion, making progress on its pledge to fully reimburse customers. Ng joined the firm in January 2022, according to his LinkedIn profile. Before Binance, he was at Kraken, another crypto exchange, for about five years. Ng did not immediately respond to a request for comment via Linkedin. Yek was most recently at payments platform Airwallex as vice-president of finance. “I am thrilled to step into the role of CFO at Binance,” Yek said in the statement. “I look forward to leading our finance organization as we continue to scale responsibly and deliver on our mission globally.” Photo: Yi He. Photographer: Natalie Naccache/Bloomberg Copyright 2026 Bloomberg. Was this article valuable? Thank you! Please tell us what we can do to improve this article. Thank you! % of people found this article valuable. Please tell us what you liked about it. Here are more articles you may enjoy.