Binance co-CEO He Yi said in a statement on November 7 that CFO Kaiser Ng had decided to pursue a new venture after more than five years at Binance; the transition plan had been underway for the past six months. His successor is Justin Yek, former vice president of finance at payments platform Airwallex.
The announcement came about nine days after the October 29 security incident, making it easy to link the personnel change to the incident. He Yi’s statement clarified the timeline: this was a planned transition, not an emergency replacement. Binance had previously said it would absorb the impact of the stolen funds and proceed with compensating affected users. The CFO handover is part of the same effort to first reassure users.
Ng has served as CFO since January 2022 and previously held a finance-related role at another exchange. Yek is moving from a finance role at a cross-border payments company to an exchange. In the next phase, responsibility for the books, liquidity, and compensation progress will fall more directly to the new CFO. The statement is public, and the timeline is clear: the handover was planned six months ago and announced only after the incident. These two things should be viewed separately. A change in personnel does not mean compensation is on hold. First, let’s be clear about what the statement itself says.
$BNB
#币安 #BNB #行业 Not investment advice.
The announcement came about nine days after the October 29 security incident, making it easy to link the personnel change to the incident. He Yi’s statement clarified the timeline: this was a planned transition, not an emergency replacement. Binance had previously said it would absorb the impact of the stolen funds and proceed with compensating affected users. The CFO handover is part of the same effort to first reassure users.
Ng has served as CFO since January 2022 and previously held a finance-related role at another exchange. Yek is moving from a finance role at a cross-border payments company to an exchange. In the next phase, responsibility for the books, liquidity, and compensation progress will fall more directly to the new CFO. The statement is public, and the timeline is clear: the handover was planned six months ago and announced only after the incident. These two things should be viewed separately. A change in personnel does not mean compensation is on hold. First, let’s be clear about what the statement itself says.
$BNB
#币安 #BNB #行业 Not investment advice.
