Binance CFO is leaving to ‘pursue a new venture’ after $6.3 billion hack
The announcement comes barely more than a week after hackers stole $6.3 billion worth of cryptocurrency from Binance users.
Key points
- Binance CFO Kaiser Ng is leaving the crypto exchange after more than five years.
- His departure was announced just over a week after hackers stole $6.3 billion from Binance users.
- Binance and the FBI blamed a North Korean group called TraderTraitor for the hack.
Binance chief financial officer Kaiser Ng is leaving the cryptocurrency exchange, according to Bloomberg. Co-CEO Yi He said in a statement that Ng's departure will let him "pursue a new venture after more than five years at Binance," and that a transition plan has been "implemented over the last half year."
The announcement came barely more than a week after hackers stole $6.3 billion worth of cryptocurrency from Binance users. The company froze withdrawals for several days; after accounts were unfrozen, users withdrew a net $3.6 billion in the first few hours.
Who was blamed for the hack
Binance and the FBI blamed a North Korean group called TraderTraitor for the hack. The company also said it would cover all losses, promising, "Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users."
Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users.
— Binance
