Binance CFO Kaiser Ng leaves after $6.3 billion tradertraitor hack

Business Nov 07, 2026

Kaiser Ng is leaving after more than five years at Binance, barely more than a week after the exchange got hit by a huge $6.3 billion crypto hack.

The attack was linked to North Korean hackers known as TraderTraitor, according to both Binance and the FBI.

Binance to fully cover user losses

Binance says it will fully cover all user losses from the breach, so no one is out of pocket.

Withdrawals were paused right after the hack but reopened soon after, with users pulling out $3.6 billion in one go.

Justin Yek is stepping in as the new CFO while Binance works on rebuilding trust and tightening up its security game.