Binance CFO is leaving to ‘pursue a new venture’ after $6.3 billion hack

Binance CFO Kaiser Ng is leaving the company to pursue a new venture, just over a week after hackers stole $6.3 billion worth of cryptocurrency from Binance users. Ng will be replaced as CFO, but the exact details of the transition plan are not specified. The company has already implemented a transition plan over the last half year, but the exact timeline is not clear. Binance has blamed a North Korean group called TraderTraitor for the hack and has promised to cover all losses for its users, assuring that the losses will not be passed on to users. The hack resulted in a net withdrawal of $3.6 billion in the first few hours after accounts were unfrozen.