Binance Names Justin Yek CFO as Kaiser Ng Prepares to Leave

Binance has appointed Justin Yek as its new chief financial officer as Kaiser Ng prepares to depart the exchange. Co-CEO Yi He said the transition plan has been in the works for six months, meaning the planning predates the $6.34 billion theft disclosed by the exchange. Leadership changes at the largest crypto exchange matter to traders watching for signs of operational stability, but this is a routine succession rather than a market-moving event.