#KaitoXAccountHacked
On March 15, 2025, the X (formerly Twitter) accounts of Kaito AI and its founder, Yu Hu, were compromised in a sophisticated hacking incident. The attackers falsely claimed that Kaito's wallets were compromised, urging users to withdraw their funds. This misinformation led to a temporary dip in the KAITO token's price.
Yu Hu emphasized that despite the breach, Kaito's wallets and funds remained secure. Both compromised accounts had advanced security measures, including hardware-based two-factor authentication (2FA), suggesting a highly sophisticated attack.
Investigations indicate that the hackers opened short positions on KAITO tokens before disseminating false information, aiming to profit from the ensuing price drop. They reportedly gained nearly $1 million through these tactics on the Hyperliquid platform.
This incident highlights the evolving nature of cyber threats in the crypto industry, where even accounts with robust security measures can be vulnerable. Users are advised to remain vigilant and verify information from official sources before making financial decisions.