Kaito AI, an AI platform for crypto market analysis, and its founder Yu Hu, experienced a hack of their X social media accounts on March 15. The attackers posted false claims indicating that Kaito wallets had been compromised, attempting to incite panic among users to reduce the token's price. They opened a short position on KAITO tokens, aiming for profit from the ensuing market movement. After regaining control of the accounts, the Kaito team assured users that their wallets were secure and had not been breached. This event highlights a sophisticated type of hacking beyond typical token scams, reflecting increasing threats in the crypto sector. The incident has raised concerns about crypto security and the vulnerability of social media accounts used for communication and announcements.

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