Binance appoints new CFO

Binance appointed former Airwallex finance executive Justin Yek as CFO, succeeding Kaiser Ng, who is leaving to pursue a new venture; the company said the transition had been planned for more than six months and was unrelated to the cyberattack. After hackers stole about $6.3 billion in cryptocurrency on Oct. 29, Binance said customers would not bear losses and that it had replenished 98% of affected token assets, with about $2.85 billion frozen or intercepted. The exchange is working with law enforcement and industry partners to trace the funds and strengthen its cybersecurity.

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