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Binance CFO Steps Down Nine Days After Record Hack
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance's chief financial officer has stepped down from the role nine days after the exchange experienced what has been described as a record hack. Binance's co-CEO has stated that the leadership transition had been planned six months prior to the departure. The timing of the announcement has drawn attention given its proximity to the security incident.
WHY IT MATTERS
A CFO, or chief financial officer, is the person responsible for managing a company's money — tracking what comes in, what goes out, and making sure financial records are accurate.
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SOURCES
- theblock.co
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