Binance’s chief monetary officer Kaiser Ng is leaving the cryptocurrency change.
Based on Bloomberg, co-CEO Yi He stated in a press release that Ng’s departure will permit him to “pursue a brand new enterprise after greater than 5 years at Binance,” and {that a} transition plan has been “applied during the last half yr.”
The announcement comes barely greater than per week after hackers stole $6.3 billion value of cryptocurrency from Binance customers. The corporate froze withdrawals for a number of days; after accounts had been unfrozen, customers withdrew a web $3.6 billion within the first few hours.
Binance and the FBI blamed a North Korean group referred to as TraderTraitor for the hack. The corporate additionally stated that it could cowl all losses, promising, “Binance will bear the monetary impression of the stolen funds. These losses won’t be handed on to customers.”
Ng shall be changed as CFO by Justin Yek.
