Binance, the world’s largest cryptocurrency exchange, says it has covered 90 per cent of the $6.3bn (£4.7bn) in assets stolen in a hack on Thursday.
The company added that the remaining 10 per cent may take longer to source in the required amounts.
Binance has consistently promised to cover 100 per cent of the losses from what is suspected to be the biggest hack on record in the crypto industry.
It said it has set aside more than $6.34bn in company funds to do so.
“Binance will absorb the financial impact of these stolen funds, not our users,” the company said in a statement on Saturday.
The Federal Bureau of Investigation (FBI) said on Saturday that North Korea was responsible for the hack.
Two analytics firms had earlier told the BBC that they had strong intelligence pointing to the North Korean state-backed hacking unit, the Lazarus Group, as the likely culprits.
The group, also known as TraderTraitor, was specifically named by the FBI.
Binance said it had replenished the stolen assets using various funds and its own corporate treasury.
According to the company, all holdings of the cryptocurrencies bitcoin, ethereum and Tether are covered, along with seven other widely traded crypto assets.
It said its next goal is to resume withdrawal services for users.
Binance said it remained on track to reopen withdrawals on Sunday, November 1, and would provide a further update once details were confirmed.
The hack is believed to be the largest in history, bigger than the $1.5bn heist on the Bybit exchange in 2025.
The FBI also held North Korea responsible for the Bybit attack.
North Korea has always denied involvement in these attacks.
Binance’s first investigation suggested that an engineer’s laptop was compromised, which allowed access to unauthorised withdrawals.
A later update, however, said the company had uncovered “additional points of breach.”
Binance’s co-chief executive officer, Richard Teng, said the hack was carried out by more than one person.
He said the hackers used sophisticated methods to hide their tracks, such as a “self-destruct mechanism.”
On Friday, the company said it had frozen around $3bn of the stolen assets after working with law enforcement, intelligence firms and partners.
It added that the investigation is ongoing.
The US Secret Service said on Friday that it is “working around the clock” with private sector partners “to identify, freeze, trace, and recover funds” stolen from Binance.
Founded in China in 2017, Binance lets users buy, sell and trade digital assets.
It is estimated to have hundreds of millions of users worldwide.
