Reports on Kaiser Ng's departure as Binance CFO agree on the broad narrative but BusinessDay NG diverges from Cointelegraph, CoinTurk News EN and Cointribune EN on the date of the $6.3 billion hack and the day the departure was announced.
What all sources agree on
- Kaiser Ng is leaving Binance after more than five years as CFO.
- Justin Yek, formerly vice-president of finance at Airwallex, will replace him.
- Binance co-CEO Yi He stated Ng's exit followed 'a transition plan implemented over the last half year' / 'last six months', and that it was planned before the hack.
- Ng joined Binance as CFO in January 2022 and previously spent about five years at Kraken.
- Binance was hacked for $6.3 billion, the largest cryptocurrency theft on record.
- The FBI has attributed the hack to North Korea, which has denied involvement.
Where the reports disagree
1Date of the $6.3 billion hack
Cointelegraph reported that hackers stole about $6.3 billion from Binance on Oct. 29, in the largest cryptocurrency theft on record.
On October 29, hackers reportedly stole $6.3 billion from the platform, making it the largest cryptocurrency theft recorded to date.
Binance announces the departure of Kaiser Ng, its Chief Financial Officer, nine days after the $6.3 billion hack that occurred on October 29, 2026.
The October 31 attack, which the Federal Bureau of Investigation attributed to North Korea, exposed the scale of financial and reputational risks facing major cryptocurrency platforms as they expand their influence in global financial markets.
What would settle it: Binance's official incident disclosure or on-chain transaction timestamps for the exploit.
2Day Binance announced Ng's departure
"Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year," Binance co-CEO Yi He said in a statement obtained by Reuters on Saturday.
His departure follows a planned transition process that has taken place over the past six months, according to a statement from Binance co-CEO Yi He released on Saturday.
The crypto exchange confirmed on Saturday, November 7, that Justin Yek, former Chief Financial Officer of Airwallex, will succeed him.
The exchange announced Ng's departure on Sunday, appointing Justin Yek, formerly vice-president of finance at payments company Airwallex, as his replacement.
What would settle it: Binance's official press release or statement timestamp announcing the leadership change.
What to make of it
Treat Ng's departure, Yek's appointment, Yi He's stated rationale, and the $6.3 billion hack itself as established; the exact date of the hack and the exact day of the announcement remain unsettled between these reports.
Treat Ng's departure, Yek's appointment, Yi He's stated rationale, and the $6.3 billion hack itself as established; the exact date of the hack and the exact day of the announcement remain unsettled between these reports.