Kaiser Ng is set to leave Binance to pursue a new venture after more than five years as its finance chief. He will reportedly be replaced by Justin Yek, formerly Airwallex’s vice-president of finance, as part of a transition plan prepared over the past six months. His departure comes just over a week after Binance suffered a record USD 6.3 billion hack on October 29, for which it said it would absorb the losses. The FBI and several researchers attributed the attack to North Korean hackers, a claim the country has denied.
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