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Hackers Spread False Alerts in Kaito’s Name

Hackers Spread False Alerts in Kaito's Name

Unknown individuals breached the X accounts of the Kaito platform and its founder Yu Hu to disseminate false messages about issues with the project’s token.

The hackers issued a fake warning about “unusual activity” in several wallets associated with Kaito and “compromise of part of the token supply.” This likely referred to KAITO, the project’s native asset for rewarding participants.

Screenshot of the fake warning posted by the hacked account. Source: The Block.

Simultaneously, a message was posted from Hu’s account: “Funds are not safe right now. Please be cautious.”

The hackers’ actions led to a 10% drop in KAITO, but the price recovered within two hours.

The account holders regained access and removed the problematic messages. The Kaito team stated that the funds were never at risk and the wallets remain secure.

Hu also assured the safety of the project’s assets and noted that both X accounts were protected by “high-level security measures,” including a hardware-based two-factor authentication system. He suggested that this attack resembles incidents with other projects like Jupiter.

The founder of Kaito reported that the team is in discussions with individuals familiar with such cases and welcomes assistance from experts.

In February, following the start of the airdrop, the KAITO rate increased by 50%, despite active sell-offs by major holders.

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