Kaito AI and Founder Yu Hu’s X Accounts Hacked
Kaito AI, which is a crypto data platform utilizing artificial intelligence, and founder Yu Hu fell prey to an X social media hack on March 15. The attackers created fake posts claiming that Kaito wallets were hacked and requesting people to withdraw their money.
Hackers Attempted Market Manipulation
After analyzing blockchain sleuth DeFi Warhol, the hackers shorted KAITO tokens before releasing panic messages. This was to trigger an enormous sell-off, sinking the token’s price and allowing the hackers to make a profit.
Kaito AI Regains Control
The Kaito AI team swiftly regained access to their accounts and reassured clients that their wallets were secure. They signaled that the breach resembled other recent X account hacks despite their strong security.
Crypto Community Faces Constant Security Threats
The attack adds to the list of increasing social media hacks and cybersecurity threats to the crypto industry.
Pump.fun’s X Account Hack
Pump.fun’s X account was hacked on Feb. 26, with hackers selling fake governance tokens. Blockchain analyst ZackXBT linked the attack to the Jupiter DAO and DogWifCoin account hacks.
Lazarus Group’s Deceptive Zoom Scam
Government-backed Lazarus hackers impersonate venture capitalists on Zoom calls. Malware is tricked into installation by victims, stealing private keys and sensitive information.
Fake Crypto Promotions Scam Canadian Politics
The Alberta Securities Commission made a warning on March 7 regarding scammers exploiting fake news articles involving Canadian politicians to promote an illicit project, CanCap. The scam used the specter of a US-Canada trade war.
Stay Guarded Against Cyber Attacks
Crypto.investors should remain vigilant against social network schemes, phishing, and impersonation tactics. Making use of two-factor authentication and fact-checking can prevent becoming victims of these attacks.
