Binance CFO Kaiser Ng steps down following record crypto theft

Binance chief financial officer Kaiser Ng has stepped down, The Business Times reported, in a departure that follows what the report described as a record crypto theft. The available report did not provide further details on the timing of Ng’s exit, a successor, or the circumstances surrounding the theft.

A chief financial officer typically oversees financial planning, reporting, controls and capital management. Changes in the finance leadership of a major cryptocurrency business can draw attention because exchanges operate at the intersection of customer asset custody, trading infrastructure, compliance and corporate governance.

Binance is one of the best-known global cryptocurrency exchange brands, offering trading and related digital-asset services. Large thefts remain a central risk for the crypto sector, where companies and users rely on technical security, custody practices and operational safeguards. Further information on the leadership transition and the theft was not included in the report.