Binance, the world’s largest cryptocurrency exchange, claimed that it has covered 90 per cent of the $6.3bn (£4.7bn) in assets stolen in a hack that took place on Thursday. The company added that the remaining 10 per cent of the stolen amount may take longer to source in the required amounts.

Binance has often promised to cover every dollar lost in what is suspected to be crypto’s biggest hack on record, revealing that it has set aside over $6.34bn of its own funds to do so. The company said in the statement on Saturday that Binance will absorb the financial impact of these stolen funds, not the users.

By Sunday, Binance reported that withdrawals had resumed across several of its networks after being paused in the wake of the breach,…