Binance Holdings Ltd., the world’s largest cryptocurrency change, has introduced the departure of its Chief Financial Officer, Kaiser Ng, days after hackers stole roughly $6.3 billion in digital belongings from the platform.
The firm confirmed that Ng, who has spent greater than 5 years with Binance, shall be changed by Justin Yek, a former finance government at funds firm Airwallex.
According to Bloomberg, Binance co-Chief Executive Officer Yi He disclosed the management change in an announcement on Saturday, November 7, 2026.
The announcement follows what has been described as the most important cryptocurrency theft in historical past, elevating recent considerations about cybersecurity vulnerabilities throughout international digital asset exchanges.
The United States Federal Bureau of Investigation (FBI) has attributed the assault to North Korean hackers.
Binance Confirms Planned CFO Transition
Yi He defined that Ng’s departure adopted a transition course of that had been underway for six months, indicating that the management change had been deliberate earlier than the current safety breach.
“Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last six months,” she mentioned.
Ng joined Binance in January 2022, in keeping with his LinkedIn profile, after spending roughly 5 years at rival cryptocurrency change Kraken.
His successor, Justin Yek, most not too long ago served as vice-president of finance at Airwallex, a worldwide monetary expertise firm.
Yek mentioned he regarded ahead to overseeing Binance’s monetary operations as the corporate continues its worldwide growth.
Binance Reports $6.3 Billion Crypto Theft
The management transition comes amid efforts by Binance to get better from the unprecedented cyberattack, which resulted within the theft of roughly $6.3 billion in cryptocurrency.
On October 31, the FBI recognized North Korea as answerable for the assault, including to considerations about state-linked cybercriminal actions focusing on digital asset platforms.
Binance subsequently disclosed that it had coated roughly 90% of the stolen funds as a part of its dedication to reimburse affected prospects totally.
The incident highlights rising safety challenges going through cryptocurrency exchanges as digital belongings achieve wider adoption amongst institutional and retail traders.
Other main exchanges, together with Bybit and Bitget, have additionally skilled cybersecurity incidents, underscoring the dangers related to storing and transferring digital belongings.
Binance Faces Ongoing Nigerian Legal Proceedings
The management change comes as Binance continues efforts to revive operations following the cyberattack whereas navigating regulatory challenges in a number of markets, together with Nigeria.
On November 1, 2026, Nairametrics reported that Binance had begun restoring cryptocurrency withdrawals in phases following the $6.3 billion breach. The assault surpassed the $1.5 billion Bybit hack recorded in February 2025, which was additionally attributed to North Korean hackers.
In September 2025, Binance founder Changpeng Zhao warned about the methods utilized by North Korean hackers to infiltrate cryptocurrency exchanges. He recognized faux job interviews, malicious software program and makes an attempt to achieve insider entry as among the ways employed.
In Nigeria, Binance stays concerned in authorized proceedings over its operations. In April 2026, Nairametrics reported that the Central Bank of Nigeria had concluded its testimony in a case involving allegations that Binance operated within the nation with out authorisation. Binance has denied the allegations in opposition to it.
More not too long ago, Nigeria’s Securities and Exchange Commission clarified that no digital asset operator had secured last registration below its Accelerated Regulatory Incubation Programme (ARIP), regardless of some platforms receiving conditional approvals in precept.
