Binance announced that CFO Kaiser Ng is leaving his position after more than 5 years at the company to launch a new venture. The company said his departure had been planned in advance and that it began implementing a handover plan about 6 months ago.
Justin Yik is expected to succeed him as CFO.
The departure comes days after the platform’s users were targeted in a hack in which $6.3 billion worth of cryptocurrency was stolen, prompting Binance to suspend withdrawals for several days.
After withdrawals resumed, users recorded net withdrawals of $3.6 billion in the first few hours.
Binance and the US Federal Bureau of Investigation accused a North Korean hacking group known as TraderTraitor of carrying out the attack. The platform said it would bear all the resulting losses.#Binance #news
Justin Yik is expected to succeed him as CFO.
The departure comes days after the platform’s users were targeted in a hack in which $6.3 billion worth of cryptocurrency was stolen, prompting Binance to suspend withdrawals for several days.
After withdrawals resumed, users recorded net withdrawals of $3.6 billion in the first few hours.
Binance and the US Federal Bureau of Investigation accused a North Korean hacking group known as TraderTraitor of carrying out the attack. The platform said it would bear all the resulting losses.#Binance #news
