Binance’s chief monetary officer Kaiser Ng is leaving the cryptocurrency alternate.
In accordance with Bloomberg, co-CEO Yi He mentioned in a press release that Ng’s departure will enable him to “pursue a brand new enterprise after greater than 5 years at Binance,” and {that a} transition plan has been “carried out during the last half yr.”
The announcement comes barely greater than every 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 mentioned that it will cowl all losses, promising, “Binance will bear the monetary influence of the stolen funds. These losses won’t be handed on to customers.”
Ng will probably be changed as CFO by Justin Yek.
