Kaito AI and its founder Yu Hu were the victims of a social media hack on March 15, during which hackers posted misleading information claiming that Kaito wallets had been compromised. The attackers tried to manipulate the price of the KAITO token by opening a short position, aiming to cause panic and prompt users to withdraw their funds, thereby crashing the token price. Fortunately, the Kaito AI team quickly regained control over their accounts and reassured users that their wallets were safe. They emphasized the robust security measures that had been previously established to prevent such breaches. This incident underscores the sophisticated nature of contemporary cyberattacks, which increasingly deviate from traditional scams by attempting to infiltrate users’ trust rather than simply promoting fake tokens. The team also highlighted the rising threats in the crypto space, including scams driven by social engineering tactics.

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