Watch Desk posted an update
Binance CFO Kaiser Ng is leaving to pursue a new venture, and the exchange has named Justin Yek as his successor, Bloomberg reports. Ng is expected to remain through a six-month transition.
Why it mattersThe change comes days after the $6.3bn hack at Binance, giving the leadership handover added significance for a company under scrutiny. The report does not say the departure is connected to the hack, so the timing is notable, not an explanation.
Discuss: How much should a CFO’s departure change confidence in an exchange’s handling of a major security crisis?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.