Hackers Spread False Warnings Posing as Kaito Amid Token Concerns

Unidentified hackers breached the X-accounts of the Kaito platform and its founder, Yu Hu, in an effort to spread false information regarding issues with the project’s token.

The attackers released a fraudulent alert concerning «unusual activity» associated with numerous wallets linked to Kaito and the «compromise of part of the token supply.» This was presumably in reference to KAITO, the project’s native asset designed to reward participants.

Simultaneously, a message was posted from Hu’s account stating that «the funds are currently not safe. Please exercise caution.»

The hackers’ actions resulted in a 10% drop in the value of KAITO; however, the price recovered within two hours.

Account owners regained access and deleted the problematic posts. The Kaito team confirmed that the funds were secure and the wallets remained safe.

Hu also reassured stakeholders about the safety of the project’s assets, noting that both X-accounts were protected by «high-level security measures,» including a hardware two-factor authentication system. He stated that this attack bore similarities to incidents involving other projects such as Jupiter.

The founder of Kaito mentioned that the team is in discussions with individuals knowledgeable about such incidents and welcomes the assistance of experts.

It is worth recalling that in February, following the commencement of an airdrop, the price of KAITO surged by 50%, despite significant sell-offs by major holders.