FORTUNE · 2026-11-09 11:40 UTC

Binance's new CFO inherits a test that goes beyond the balance sheet

Justin Yek, a former VP of finance at Airwallex, will become Binance's new CFO, succeeding Kaiser Ng, who is stepping down to pursue a new venture; Binance says the transition was planned six months earlier and is unrelated to the security breach. On Oct. 29, hackers drained an estimated $6.3 billion from Binance; Binance said North Korean hackers used social engineering and malware to gain access enabling unauthorized withdrawals. Tether and Circle froze about $2.5 billion in stolen stablecoins, and Binance says it has replenished 98% of the stolen coins through reserve funds and other…

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