OSXFuse and VeraCrypt were both working fine until the MacOS was updated to MacOS 11.0.1 Big Sur. VeraCrypt no longer opens.
After installing macFuse 4.0.2 (latest at time of posting), I tried to run the installer for VeraCrypt 1.24-Update7 but it gives an error
OSXFuse seems to be missing on your machine. VeraCrypt requiures OSXFuse 2.5 or above.
How can we get VeraCrypt to work on MacOS Big Sur?