Binance CFO Kaiser Ng steps down days after $6.3 billion hack

Hackers stole $6.3 billion worth of cryptocurrency from Binance users barely more than a week before the company announced its finance chief's departure, according to TechCrunch.

The theft happened in late October, nu.nl reported. The coverage describes an exceptionally large loss, though its figures differ slightly: The Defiant puts the theft at $6.34 billion, while TechCrunch uses $6.3 billion.

The leadership handover was being prepared before the theft, according to the company's account. Co-CEO Yi He said a transition plan had been in place over the past six months, The Block reported.

The hack followed in late October. The Block places the announcement of Ng's departure nine days after the theft.

On November 7, Binance announced that CFO Kaiser Ng would leave the company to pursue a new venture, according to CNN Brasil. The supplied coverage gives no details about that venture.

Justin Yek was named the new finance chief, World News CNA reported. That gives Binance a named successor as it deals with the aftermath of the theft.

Ng's departure and Yek's appointment put a finance leadership change alongside the fallout from the hack. But timing alone does not establish that the theft prompted the departure.

Yi He's account places the planning months before the attack, according to The Defiant. The available coverage does not establish a link between the hack and Ng's decision to leave.

The supplied reports do not specify Ng's final working day or the operational details of the handover to Yek. Those details remain open, along with what Ng's new venture will involve.