Binance chief financial officer Kaiser Ng resigned nine days after North Korean hackers drained $6.3 billion from the exchange. Co-CEO Yi said the transition had been planned for six months, but its timing coincides with the departure of leaders overseeing financial crime monitoring at Binance. The exchange had previously fired five internal investigators who flagged Iranian sanctions issues, while a Senate inquiry examined possible violations and $1.7 billion left two Binance accounts for Iranian entities. Binance also remains under a U.S. Department of Justice monitorship through May 2027 and a FinCEN monitorship through May 2029, as the declining personal fortune of Changpeng Zhao raises further questions about the company’s governance.
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