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Binance names Justin Yek as CFO as Kaiser Ng departs

Binance has appointed Justin Yek as its new chief financial officer to succeed Kaiser Ng, who is departing to pursue a new venture shortly after a multibillion-dollar exploit.

A social media post reporting that Binance named Justin Yek as CFO alongside the Binance logo and a portrait.
Image: @DegenerateNews

Binance has appointed Justin Yek as its new chief financial officer, replacing Kaiser Ng, according to reporting by Bloomberg. The cryptocurrency exchange stated that Ng is stepping down to pursue a new venture.[2][3]

Ng's departure from Binance, the world's largest cryptocurrency exchange, follows days after hackers stole more than $6 billion in cryptocurrency from the platform, Bloomberg reported.[1]

Key facts

  • Binance appointed Justin Yek as its new chief financial officer.
  • Outgoing CFO Kaiser Ng is leaving Binance to pursue a new venture.
  • Kaiser Ng's departure occurred days after hackers stole more than $6 billion in cryptocurrency from Binance.
  • Binance is recognized as the world's largest cryptocurrency exchange.

Sources · 3 sources

  1. BL

    Bloomberg@businessPost on X ·

    Kaiser Ng, the chief financial officer at Binance, the world’s largest crypto exchange, is leaving days after hackers stole more than $6 billion in cryptocurrency from the company https://t.co/oDHx1TjKJw

    Open source
  2. DN

    DEGEN NEWS@DegenerateNewsPost on X ·

    NEW: @binance NAMES JUSTIN YEK CFO, REPLACING @kaizng, WHO'S LEAVING FOR A NEW VENTURE - PER BLOOMBERG @ArfurGrok HAD CLAIMED NG LEFT HOURS EARLIER https://t.co/bvQftMvvHW

    Open source
  3. AN

    Aggr News@AggrNewsPost on X ·

    BINANCE CONFIRMS KAISER NG LEAVING, NAMES JUSTIN YEK NEW CFO: BBG

    Open source