Binance announced that Chief Financial Officer Kaiser Ng is leaving his position after more than five years at the company to launch a new venture. It explained that his departure had been planned in advance and that it began implementing a transition plan for his responsibilities about six months ago.
Justin Yik is set to succeed him as CFO.
The departure comes days after the platform’s users were targeted in a hack in which cryptocurrencies worth $6.3 billion were 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 U.S. Federal Bureau of Investigation accused a North Korean hacking group known as TraderTraitor of carrying out the attack, while the platform confirmed it would cover all resulting losses.
Justin Yik is set to succeed him as CFO.
The departure comes days after the platform’s users were targeted in a hack in which cryptocurrencies worth $6.3 billion were 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 U.S. Federal Bureau of Investigation accused a North Korean hacking group known as TraderTraitor of carrying out the attack, while the platform confirmed it would cover all resulting losses.
