# Binance CFO exits after $6.3 billion hack

> Kaiser Ng is leaving Binance weeks after hackers stole $6.3 billion in cryptocurrency from the exchange.
- Title: Binance CFO exits after $6.3 billion hack · TechCrunch
- Summary: Kaiser Ng is leaving Binance weeks after hackers stole $6.3 billion in cryptocurrency from the exchange.
- Keywords: binance, kaiser ng, cryptocurrency hack, justin yek, north korea, tradertraitor, TechCrunch
- Source: TechCrunch — https://techcrunch.com/2026/11/07/binance-cfo-is-leaving-to-pursue-a-new-venture-after-6-3-billion-hack
- Author: Anthony Ha
- Published: 2026-11-07T17:24:07+00:00
- Read time: 1 min
- Topics: binance, kaiser ng, cryptocurrency hack, justin yek, north korea, tradertraitor, technology, startups
## Binance CFO Kaiser Ng departs
Binance's chief financial officer Kaiser Ng is leaving the cryptocurrency exchange after more than five years. Co-CEO Yi He said a transition plan has been implemented over the last half year.
## Departure follows $6.3 billion theft
The announcement comes barely more than a week after hackers stole six point three billion dollars worth of cryptocurrency from Binance users. The company froze withdrawals for several days.
## North Korea blamed for hack
Binance and the FBI blamed a North Korean group called TraderTraitor for the hack. Binance promised to cover all losses, saying 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.
## Justin Yek named new CFO
Justin Yek will replace Kaiser Ng as Binance's chief financial officer. After the hack, users withdrew a net three point six billion dollars in the first few hours after accounts were unfrozen.
## Key takeaway

Binance CFO Kaiser Ng is leaving the cryptocurrency exchange after a six point three billion dollar hack, with Justin Yek replacing him.