Binance Chief Financial Officer Kaiser Ng stepped down on November 7, 2026 to pursue a new venture, with former Airwallex executive Justin Yek named as his successor. The executive transition follows a historic $6.3 billion cryptocurrency theft from the platform on October 29, 2026. Binance stated Ng's departure was part of a six-month transition plan, while the FBI attributed the breach—which originated from malware and fake recruitment efforts—to North Korean hackers.
Kaiser Ng steps down as Binance CFO
- ▪Binance Co-Chief Executive Officer Yi He said Binance Chief Financial Officer Kaiser Ng stepped down on November 7, 2026 to pursue a new venture after more than five years at the cryptocurrency exchange
- ▪Binance Co-Chief Executive Officer Yi He stated that Kaiser Ng's departure was managed under a transition plan implemented over the prior six months
- ▪Kaiser Ng served as chief financial officer at Binance from January 2022 until November 2026 and previously worked at rival cryptocurrency exchange Kraken
- ▪Binance appointed Justin Yek, former vice president of finance at Airwallex, as its new chief financial officer following Kaiser Ng's departure
Binance suffers record cyberattack
- ▪Hackers stole $6.3 billion in cryptocurrency from Binance on October 29, 2026 in a record cyberattack
- ▪The FBI attributed the $6.3 billion cryptocurrency theft from Binance to a North Korean hacking group, an allegation that North Korea denied
- ▪Binance committed to fully reimburse customers affected by the October 29, 2026 cryptocurrency hack
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