Binance Chief Financial Officer Kaiser Ng is stepping down, just nine days after the cryptocurrency exchange suffered a record $6.3 billion security breach.
The leadership change was announced on November 7, 2026, with Binance confirming that Justin Yek, a former finance executive at Airwallex, will become its new CFO.
According to Reuters and Bloomberg, Ng is leaving the company after more than five years to pursue a new business opportunity.
However, Binance emphasized that the departure had been planned well before the October 29 cyberattack.
The announcement comes as the world's largest cryptocurrency exchange continues recovering stolen assets and strengthening its security infrastructure.
After five years as CFO of Binance, I have decided to go build something of my own.
— Kaiser Ng (@kaizng) November 8, 2026
The past ten years in the digital asset exchange space have felt surprisingly short, because I enjoyed what I was doing. Having passion for what you do is so important, and I will come back to…
After five years as CFO of Binance, I have decided to go build something of my own.
— Kaiser Ng (@kaizng) November 8, 2026
The past ten years in the digital asset exchange space have felt surprisingly short, because I enjoyed what I was doing. Having passion for what you do is so important, and I will come back to…
Binance Says CFO Departure Was Planned Months Ago
Binance co-CEO Yi He confirmed that the leadership transition had been underway for approximately six months, rejecting suggestions that the decision resulted from the recent hack.
Ng has served as Binance's chief financial officer since January 2022, overseeing financial operations during a period of significant industry and regulatory developments.
Before joining Binance, he previously worked at competing cryptocurrency exchange Kraken.
The company has not disclosed when Ng's departure will officially take effect or provided details about his next venture.
No evidence has emerged connecting his departure to the security incident, despite the timing of the announcement.
Former Airwallex Executive Justin Yek Named New CFO
Justin Yek will replace Ng as Binance's chief financial officer, bringing experience from the international financial technology and payments industry.
Yek most recently served as vice president of finance at Airwallex, a global financial technology company specializing in international payments and financial infrastructure.
His appointment comes during a challenging period for Binance, which is working to restore confidence following the multibillion-dollar attack.
Financial management and reserve transparency remain important priorities as the exchange continues replacing affected cryptocurrency assets.
Binance has not announced additional changes to its executive leadership as part of the transition.
Binance Continues Recovery From $6.3 Billion Hack
The leadership announcement follows the October 29 attack, which resulted in approximately $6.3 billion in stolen cryptocurrency across multiple blockchain networks.
Binance said the sophisticated operation involved compromised employee computers, malicious software downloads and fraudulent recruitment attempts targeting engineers.
The FBI attributed the attack to North Korea's TraderTraitor hacking group, although North Korea has denied responsibility.
Following the breach, Binance temporarily suspended withdrawals while investigating the affected systems.
By November 2, the exchange reported replacing approximately 95% of the affected assets using its own financial resources.
Binance also published an updated Proof of Reserves snapshot and began restoring withdrawal services.
The exchange has pledged to reimburse customers fully rather than transfer the financial losses to users.
