Crypto firm Binance covers 90% of losses after $6.3bn hack42 minutes agoImogen James
Bloomberg via Getty Images A phone propped up in front of a laptop. On the phone screen it says Binance and the blurred laptop screen shows a bar chartBloomberg via Getty Images

Binance, the world's largest cryptocurrency exchange, says it has covered 90% of the $6.3bn (£4.7bn) assets stolen in a hack on Thursday.

The remaining 10% may take longer to source in the required amounts, the company added.

Binance has consistently pledged to cover 100% of the losses from what is suspected to be crypto's biggest hack on record and said it has set aside more than $6.34bn in company funds to do so.