Binance chief financial officer Kaiser Ng is leaving the cryptocurrency exchange, and Justin Yek will replace him, according to a TechCrunch report published November 7, 2026. TechCrunch says the announcement came a little more than a week after hackers stole $6.3 billion in cryptocurrency from Binance users.

What was announced

  • According to Bloomberg, as cited by TechCrunch, Binance co-CEO Yi He said Ng’s exit will let him “pursue a new venture after more than five years at Binance.”
  • He also said a transition plan was “implemented over the last half year,” according to the same account.

The hack

TechCrunch reports that hackers stole $6.3 billion in cryptocurrency from Binance users and that the article does not give the exact date of the theft. Binance froze withdrawals for several days. After accounts were unfrozen, users withdrew a net $3.6 billion within the first few hours, according to the report. TechCrunch says Binance and the FBI blamed the attack on TraderTraitor, a North Korean group.

What Binance said

Binance said it would cover the losses, according to TechCrunch: “Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users.”

What the report does not include

The article does not give a link between Ng’s departure and the hack beyond the timing, and it does not say when Yek takes over.

Sources and notes

This post is based on TechCrunch’s article by Anthony Ha, published November 7, 2026. Lens did not read Bloomberg’s report, the FBI’s attribution or a Binance statement, so the quotations and the attribution to TraderTraitor are as TechCrunch reported them. Lens did not contact Binance.

Image: A gold-coloured physical Bitcoin token lying on a silver laptop keyboard, by Satheesh Sankaran via Wikimedia Commons, released under CC BY 2.0; cropped. Stand-in photo; it does not show the events described.