Binance CFO Kaiser Ng left his position nine days after reports that hackers from North Korea withdrew $6.3 billion from the exchange. His departure came amid questions about the company’s financial monitoring.
Protos reports that the handover had been in preparation for around six months. Binance had previously faced allegations related to possible violations of sanctions against Iran.
After pleading guilty in November 2023, Binance agreed to monitoring by the DOJ through May 2027 and by FinCEN through May 2029.