Binance Names Justin Yek CFO as Kaiser Ng Prepares to Leave

Binance has appointed Justin Yek as its new chief financial officer, with co-CEO Yi He stating that a six-month transition plan was already in motion before the exchange suffered a $6.34 billion theft. Yek succeeds Kaiser Ng, who is preparing to depart the world's largest crypto exchange by trading volume. The handover places a new finance chief at the helm of Binance's books as the company manages the fallout from the multibillion-dollar theft, one of the largest losses in crypto history. The timing matters because Binance is simultaneously defending its financial standing and reassuring users and regulators about internal controls. What to watch next is whether Yek discloses further details on the theft's balance-sheet impact and whether the transition triggers any change in Binance's reserve or audit practices.