Binance CFO Resigns Following $6.3 Billion Hack

In depth

Kaiser Ng, chief financial officer of the world's largest crypto exchange, will leave his position after more than five years at the company. Justin Yk will be appointed in his place.

The departure comes about a week after the largest cyberattack in the history of the crypto industry, in which digital currencies worth $6.3 billion were stolen. The company said the departure had been planned months in advance.

Investors and customers are still waiting for answers about the hack, the stolen money, and the company's ability to meet its obligations. The company is simultaneously dealing with withdrawals totaling billions of dollars.