Crypto Finance Chief Steps Down, New Leader Named

Kaiser Ng left Binance. He was the top money person at the crypto exchange. The company said he wanted to try something new. He spent more than five years there. Binance is known as the biggest crypto exchange on earth. The firm shared the news on a Saturday.

The company then picked Justin Yek. He was a finance leader. He had worked at Airwallex. He was most recently the finance vice president there. The announcement came just over a week after a big hack. He will fill the top money job.

The news came after hackers took a huge amount of crypto. The amount was about six point three billion dollars. It was a record theft. Binance said the attack started months earlier. It began with bad software and fake job posts. The company said it will fully refund affected users.

The FBI blamed a North Korean hacking group. North Korea denied the claim. Ng became Binance CFO in January 2022. He had worked at the Kraken crypto exchange before.