Binance CFO Kaiser Ng is leaving; Justin Yek named as successor
Kaiser Ng steps down as Binance CFO
Binance, described by Bloomberg as the world's largest crypto exchange, said its chief financial officer, Kaiser Ng, is leaving the company. A crypto exchange is a platform where users trade digital assets.
Co-Chief Executive Officer Yi He announced the change on November 7, 2026. She said Justin Yek will become Binance's new CFO.
Key points from the announcement
- Kaiser Ng is leaving after more than five years at Binance.
- Binance said Ng wants to pursue a new venture.
- Binance said a transition plan has been in place over the last six months.
- Justin Yek will become the new CFO.
- The announcement came days after hackers stole more than $6 billion in cryptocurrency from Binance, Bloomberg reported.
What Binance said about the change
Yi He said Ng decided to pursue a new venture after more than five years at Binance. She said a transition plan was implemented over the last six months.
Yi He also said Binance wishes Ng well in his next chapter. She named Justin Yek as the new CFO.
Timing and the recent hack
Bloomberg reported the announcement just days after hackers stole more than $6 billion in cryptocurrency from the platform.
The supplied material does not confirm that the hack caused Ng to leave. Binance's statement describes the move as a decision to pursue a new venture and says a transition had been planned over the last six months.
What happens next at Binance
Justin Yek will become Binance's new CFO. The supplied material does not give a start date for Yek in the role.
Source for this article
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
