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Institutions & ETFs · 1 min read

Binance CFO Kaiser Ng Departs Following Five-Year Tenure

Justin Yek, former Airwallex VP of finance, steps in after an executive transition plan established over the past six months.

Editorial oversight: Julian Mercer, Chief Editor
Neutral

At a glance Announced

What happened
Binance CFO Kaiser Ng is stepping down to launch a new venture, replaced by former Airwallex executive Justin Yek after a six-month transition plan.
Why it matters
The change in financial leadership takes place shortly after Binance committed to absorbing $6.3 billion in losses from an Oct. 29 attack.
Who is affected
Binance leadership, incoming CFO Justin Yek, and platform users.
What's next
No next step announced.
Primary source
cointelegraph.com: Binance’s finance chief Kaiser Ng to leave company, report says

Key points

  • Binance CFO Kaiser Ng is stepping down to pursue a new venture after five years at the firm 1.
  • Former Airwallex VP of finance Justin Yek has been selected to replace Ng as finance chief 1.
  • The change follows a six-month transition plan and an Oct. 29 hack totaling $6.3 billion 1.

Binance Chief Financial Officer Kaiser Ng is leaving the exchange to pursue a new venture, according to a statement from Binance co-CEO Yi He obtained on Saturday 1. Ng has served as CFO since January 2022 and spent more than five years with the company 1. Former Airwallex vice-president of finance Justin Yek will take over the role 1.

He stated that Ng's departure follows a structured transition plan executed across the past half year 1. Before joining Binance, Ng worked as the chief financial officer at cryptocurrency exchange Kraken for approximately five years 1. The executive leadership shift comes shortly after an Oct. 29 security breach in which hackers took $6.3 billion from the platform 1. Binance stated it would absorb those losses rather than pass them to its users 1.

Management Reshuffle

The transition places Yek at the financial helm as the company absorbs record-scale losses 1. The Federal Bureau of Investigation and independent researchers attributed the late October attack to North Korean hackers, though North Korea has denied involvement 1. Binance has not detailed what venture Ng will pursue next 1.

Sources

  1. [1] Binance’s finance chief Kaiser Ng to leave company, report says — cointelegraph.com, November 8, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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