Binance, the world’s biggest crypto exchange, has covered 95 per cent of the $6.3bn (£4.7bn) stolen from its platform in the hack , which the FBI says was carried out by North Korea .

The exchange said on Saturday that it had bought replacement tokens with company money, first covering 90 per cent of the stolen funds, then $6bn, and by late Saturday 95 per cent.

“We had already covered $6bn of the impacted amount of the hacked loss,” Binance said in a post on X. The remaining five per cent is made up of tokens that are less liquid, which means they may take longer to buy in the amounts needed, it said.

Binance, which stopped customers withdrawing their funds after the hack, said it would resume withdrawals in phases from between 0600 and 0900 GMT on Sunday.…