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Binance CFO Departs Amid Record Hack Fallout

7 Nov

Summary

Binance's Chief Financial Officer is stepping down.
The company recently experienced a $6.3 billion hack.
A successor has already been appointed to the CFO role.

Binance has announced that its Chief Financial Officer, Kaiser Ng, will be leaving the company. Ng has served in the role for over five years and is moving on to a new venture. The announcement follows closely on the heels of a massive security breach where hackers stole a record $6.3 billion from the world's largest cryptocurrency exchange.

Justin Yek has been appointed as the new Chief Financial Officer to replace Ng. Binance stated that a transition plan has been implemented over the past six months, indicating preparations for this leadership change were already underway.

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