Binance Appoints Justin Yek as New Chief Financial Officer

Binance named Justin Yek as its new chief financial officer, with incumbent finance chief Kaiser Ng departing after more than five years at the exchange. Co-CEO He Yi said the handover was planned over six months and predates the October 29 asset theft incident. Yek previously led finance at Airwallex and worked as a technology investment banker at Morgan Stanley and Citigroup. Binance said the theft involved about $634 million in digital assets. The appointment comes as the exchange seeks to steady its financial leadership after the incident, and the market will watch how Yek addresses custody, reserves and regulatory scrutiny.