Chainalysis identified suspected automated laundering on Oct. 30 following a Binance exploit. The firm estimated losses at $6.4 billion and described the incident as the largest crypto theft on record, while the new account puts affected assets at about $6.3 billion. Investigators observed thousands of rapid transactions that suggested automation intended to obscure the stolen funds' trail. Experts disagree on whether traders should be concerned about keeping funds on crypto exchanges, but they said further security incidents are likely as artificial intelligence helps identify weaknesses in existing cybersecurity systems.