Daily brief
Leadership · Global · Mon 9 Nov · 2 min read · By Roland Cinco
Binance names Justin Yek CFO as Kaiser Ng leaves
What happened
Binance announced on 7 November 2026 that finance chief Kaiser Ng is leaving to pursue another venture, following more than five years at the cryptocurrency exchange.
Justin Yek, whose most recent role was vice-president of finance at Airwallex, is taking over as CFO, according to the Reuters report published by The Straits Times.
Co-chief executive officer Yi He said Binance had implemented a transition plan over the previous half year, presenting the departure as a previously planned change.
The announcement followed the theft of cryptocurrency worth USD6.3 billion from Binance in a breach that unfolded on 29 October 2026.
Binance said it would fully reimburse affected customers, but the report did not specify a reimbursement timetable or explain how the payments would be funded.
The FBI blamed a North Korean hacking group for the theft, an allegation Pyongyang denied.
Why it matters
Sources: The Straits Times, channelnewsasia.com
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