Binance CFO Kaiser Ng is leaving the cryptocurrency exchange after more than five years, with Justin Yek named as his successor. The announcement follows a $6.3 billion cryptocurrency theft linked to North Korean hackers.
Binance co-CEO Yi He said Ng plans to pursue a new venture. According to Bloomberg, the company began preparing the leadership transition approximately six months ago. Binance has not linked his departure to the security breach.
Binance CFO Kaiser Ng Departs After Major Hack
Hackers stole approximately $6.3 billion in cryptocurrency from Binance in late October 2026. The exchange temporarily suspended withdrawals, then restored access to affected accounts.
In an official security alert, the FBI attributed the attack to TraderTraitor, a North Korean hacking group.
After withdrawals resumed, customers withdrew a net $3.6 billion within the first few hours. Binance pledged to cover the stolen funds rather than pass the financial losses on to users.
Justin Yek will replace Ng as CFO as the exchange continues addressing the breach. Binance has not disclosed details about Ng’s next business venture.
