Binance’s chief monetary officer Kaiser Ng is leaving the cryptocurrency change.
According to Bloomberg, co-CEO Yi He mentioned in an announcement 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 “carried out during the last half 12 months.”
The announcement comes barely greater than per week after hackers stole $6.3 billion worth 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 known as TraderTraitor for the hack. The corporate additionally mentioned that it might cowl all losses, promising, “Binance will bear the monetary affect of the stolen funds. These losses won’t be handed on to customers.”
Ng will probably be changed as CFO by Justin Yek.
