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المشهد العربي
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المشهد العربي

2026-11-08T18:50:41.000Z

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Binance's finance shift

Binance's finance shift

Kaiser Ng left his position as Binance’s chief financial officer after five years and was succeeded by Justin Yik. The change was announced after an October 29 hack that targeted assets worth more than $6.34 billion. The company said the attackers exploited a vulnerability in its wallet authentication system after luring employees with fake job interviews that involved malware. Binance and its partners managed to freeze about $2.85 billion and secure 98% of the affected balances. The company pledged to cover all losses without using users’ funds.

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