Binance CFO Kaiser Ng to leave after $6.3 billion hack
Binance CFO Departs Following Historic $6 Billion Heist
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Binance CFO Kaiser Ng will leave, with Justin Yek set to take over as head of finance. The transition plan has been implemented over the past six months. The news comes days after hackers stole $6.3 billion from Binance, which said it has covered about 90% of the losses and is moving forward with full compensation for users. PYMNTS, citing Bloomberg, reported that the FBI has said North Korea was responsible for the attack.
The article places the CFO transition alongside the $6.3 billion hack and roughly 90% user compensation, highlighting the governance and recovery challenges facing crypto platforms after an incident.
Source:PYMNTS · pymnts.com