Binance’s Chief Financial Officer Kaiser Ng is leaving the cryptocurrency exchange founded by Canadian billionaire Changpeng Zhao, just over a week after hackers stole $6.3 billion from its users in the largest crypto theft on record.Co-Chief Executive Officer Yi He announced the change on Saturday, saying Ng had decided to “pursue a new venture after more than five years at Binance,” Bloomberg reported. Justin Yek, most recently vice president of finance at payments company Airwallex, will replace him.Yi He also said the handover followed a transition plan put in place about six months ago, before the hack. The statement did not say when Ng’s departure takes effect or what his new venture will be, The Block reported.Ng became Binance’s finance chief in January 2022. Before that, he worked at rival exchange Kraken, according to his LinkedIn profile.His exit comes at a difficult time for the exchange. Attackers drained the funds across several blockchains on Oct. 29. The FBI and Binance have since linked the attack to TraderTraitor, a North Korean hacking group.The theft is far larger than the $1.5 billion Bybit hack of February 2025, which was also tied to North Korea, Nairametrics reported. Zhao had warned in September 2025 about North Korean hacking tactics, including fake job interviews, malicious software and insider access, the outlet added.Binance froze withdrawals for several days after the breach. It has promised that customers will not lose money. “Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users,” the company said, according to TechCrunch.By Nov. 2, when it completed a proof-of-reserves snapshot and began restoring withdrawals, Binance had covered about 95% of the affected assets with its own funds, The Block reported. In the first few hours after accounts reopened, users pulled out a net $3.6 billion, TechCrunch reported.Meanwhile, the hackers are moving the stolen money. Blockchain analytics firm Elliptic said they have swapped some of the stolen tokens for $124 million in bitcoin.The leadership change also comes as Binance faces legal scrutiny in Nigeria. In April, the Central Bank of Nigeria concluded its testimony in a case alleging that the exchange operated in the country without authorization, an accusation Binance denies, Nairametrics reported.Zhao remains Binance’s largest shareholder. Forbes estimates he owns about 90% of the exchange, which accounts for most of his fortune, Billionaires.Africa reported last week.
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