On March 15, 2025, Kaito AI, a synthetic intelligence-powered platform for crypto market evaluation, and its founder, Yu, fell sufferer to a social media hack on X (previously Twitter). The attackers gained management of the account and falsely claimed that Kaito AI’s wallets had been compromised, warning customers that their funds had been in danger.
In keeping with blockchain investigator Defi Warhol, the attackers additionally reportedly opened a brief place on Kaito tokens earlier than posting the false alerts. Their purpose gave the impression to be manipulating the token’s worth downward so they may revenue from the bogus decline.
Nonetheless, Kaito AI’s staff rapidly regained management of the compromised account and reassured customers that their wallets remained safe. The staff additionally mentioned that they’d applied sturdy safety measures to stop such incidents sooner or later, noting that the assault appeared much like different latest breaches concentrating on crypto-related accounts.
The corporate wrote, “This account and @Punk9277 had been simply compromised. The KAITO wallets had been NOT and are NOT compromised. We now have regained entry to the twitter accounts. Please naked with us as we examine how this occurred. We had excessive commonplace safety measures in place to stop it – so it appears to be comparable or the identical to different latest Twitter account hacks. We’ll replace as quickly as we are able to. To reiterate – KAITO token wallets haven’t been compromised.”
The rise in such cyberattacks has led to an alarming enhance in losses throughout the crypto ecosystem. In keeping with a report by blockchain safety platform Immunefi, losses in February 2025 had been 20 occasions greater than in January 2025, with a pointy enhance in scams concentrating on traders.
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