Even the most perfect security strategies or algorithms will have vulnerabilities in the face of future, more advanced AI. And these nuclear-weapon-level AI tools will be available to everyone. The security of exchanges or on-chain systems only appears secure under current AI capabilities or security measures; it doesn't mean they're secure in the eyes of future, incredibly powerful AI. How will these exchanges recover the stolen funds? Launch memes and VC campaigns are not viable; nobody will participate. The most likely scenario is that they'll orchestrate a few instances of liquidity disappearance at certain times, and then collectively manipulate the market to recoup the losses with a large sum.