Binance chief financial officer Kaiser Ng is leaving to pursue a new venture, according to a Reuters report cited by Cointelegraph in an article published on Nov. 8, 2026, at 16:12:56 UTC+8.
Binance co-CEO Yi He confirmed the planned departure in a statement obtained by Reuters on Saturday, saying Ng had decided to pursue a new venture after more than five years at the company. She said a transition plan had been implemented over the preceding half year.
According to the report, Ng will be replaced by Justin Yek, formerly vice-president of finance at Airwallex. Ng’s LinkedIn profile lists him as Binance’s CFO since January 2022, following about five years in the same role at crypto exchange Kraken.
Departure follows reported exchange hack
The departure report came a little more than a week after an Oct. 29 attack that Cointelegraph reported had resulted in approximately $6.3 billion being stolen from Binance—the largest cryptocurrency theft on record, according to that reporting. Binance said it would absorb the losses rather than pass them on to customers.
The FBI and several researchers attributed the attack to North Korean hackers. North Korea denied the allegation. The supplied report does not establish a connection between the attack and Ng’s departure.