Binance Holdings Ltd said CFO Kaiser Ng is leaving after more than five years, days after hackers stole more than US$6 billion in cryptocurrency from the exchange.

Co-CEO Yi He said Ng chose to pursue a new venture and that Binance had put a transition plan in place over the last six months. Justin Yek will become the new CFO, she said.

Clients withdrew US$4.7 billion after the hack. Binance said outflows were stabilising as the exchange returned online.

The hack prompted US regulators to contact banks to assess potential effects on the broader financial system.

🔗 Source: Bloomberg

Recent Binance developments