Binance CFO steps down: Yi He says transition has been in the works for six months; not a new hack announcement
Binance co-CEO Yi He said in a statement on Saturday that Kaiser Ng, who had served as CFO for more than five years, had decided to pursue a new venture. He will be succeeded by Justin Yek, former vice president of finance at payments company Airwallex. Yi said the transition plan had been in place for the past six months. The statement did not specify when the departure takes effect or disclose where Ng will go next. Reuters, Bloomberg, The Block, and BlockTempo all reported on the statement.
What this means for you: This is a change in the person leading finance—not a new report of a hack or a suspension of deposits and withdrawals, nor does it mean account rules have changed. The announcement came about nine days after the October 29 security incident, but Yi said the transition had begun six months ago. There is currently no public evidence that the change was directly caused by the hack.
The next things to confirm are the effective date of the departure and whether the company will provide further details. Don’t mistake “the timing is close” for “the CFO is leaving because of the hack.”
Would you rather see the effective date first, or an explanation of responsibilities once the transition is complete?
This is not investment advice.
Source: Yi He’s statement (as reported by Reuters, Bloomberg, The Block, and BlockTempo) · Statement published Saturday, 2026-11-07 local time; 2026-11-08 HKT
#币安 #CFO #何一 #HANG B Media
Binance co-CEO Yi He said in a statement on Saturday that Kaiser Ng, who had served as CFO for more than five years, had decided to pursue a new venture. He will be succeeded by Justin Yek, former vice president of finance at payments company Airwallex. Yi said the transition plan had been in place for the past six months. The statement did not specify when the departure takes effect or disclose where Ng will go next. Reuters, Bloomberg, The Block, and BlockTempo all reported on the statement.
What this means for you: This is a change in the person leading finance—not a new report of a hack or a suspension of deposits and withdrawals, nor does it mean account rules have changed. The announcement came about nine days after the October 29 security incident, but Yi said the transition had begun six months ago. There is currently no public evidence that the change was directly caused by the hack.
The next things to confirm are the effective date of the departure and whether the company will provide further details. Don’t mistake “the timing is close” for “the CFO is leaving because of the hack.”
Would you rather see the effective date first, or an explanation of responsibilities once the transition is complete?
This is not investment advice.
Source: Yi He’s statement (as reported by Reuters, Bloomberg, The Block, and BlockTempo) · Statement published Saturday, 2026-11-07 local time; 2026-11-08 HKT
#币安 #CFO #何一 #HANG B Media
