Hackers Publish Fake Alerts on Behalf of Kaito

hackers

Unknown attackers hacked the X accounts of Kaito and its founder, Yu Hu, to spread false warnings about issues with the project’s token.

The hackers posted a fake alert about “unusual activity” across multiple wallets linked to Kaito and claimed a “compromise of part of the token supply.” The message appeared to refer to KAITO, the project’s native token used for rewards.

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A post from Hu’s compromised account also read: “Funds are not safe right now. Please be careful.”

The attack caused a 10% drop in KAITO’s price, though the token recovered within two hours.

The rightful owners regained access and deleted the fraudulent posts. The Kaito team reassured users that funds remained safe and wallets were not compromised.

Hu also confirmed asset security, emphasizing that both X accounts were protected by high-level security measures, including hardware-based two-factor authentication. He suggested the attack resembled previous incidents involving projects like Jupiter.

The Kaito founder stated that the team is consulting with experts familiar with such cases and welcomes additional support.

Previously, in February, KAITO’s price surged 50% following the start of an airdrop, despite heavy selling pressure from large holders.