Unidentified Hackers Post Deceptive Warnings under Kaito's Name
On March 15, 2025, unknown attackers compromised the accounts of both Kaito and its founder, Yu Hu, exploiting them to disseminate false warnings about potential issues with the project's native token, KAITO. 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. Although the KAITO wallets were not compromised, the hack resulted in a 10% drop in KAITO's price, which promptly recovered within two hours.
Upon discovering the incident, Hu regained access to his compromised accounts and eradicated the deceptive posts. The Kaito team swiftly reassured users that their funds remained secure and their wallets remained intact. The hack seems to be part of a broader pattern of social media-based crypto scams targeting various cryptocurrency projects and personalities.
Shortly before Kaito's account breach, social media accounts of other projects like Tron DAO and Curve Finance has also been hacked, with attackers promoting phishing scams and fake airdrops. These hacks primarily utilized social engineering tactics and phishing attempts to defraud users. To prevent falling victim to similar scams, users are advised to verify official communications meticulously and refrain from sending crypto to addresses promoted via unsolicited social media messages without verifying them through trusted sources.
The Kaito project proceeded with its planned airdrops for KAITO token stakers in late May 2025, with the incident seemingly having minimal impact on their platform's core functionality. However, the social media compromise dented the project's reputation to some extent.
In a separate attack, hackers exploited a fake Ledger Live app targeting macOS users, stealing crypto assets by tricking users into submitting seed phrases. This malware affected over 2,800 compromised websites. The Kaito team is consulting with experts familiar with such cases and welcomes additional support to safeguard their project and users against future attacks.
In the wake of the cybersecurity incident, Kaito's team emphasized the importance of verifying official communications to prevent falling victim to social media-based crypto scams, like the ones targeting Tron DAO and Curve Finance earlier. To ensure protection, they are seeking advice from experts and encourage additional support in safeguarding their project and users against future technology-related crimes and justice issues.
Recognizing the recent pattern of cybersecurity threats affecting various cryptocurrency projects and personalities, users are urged to exercise caution when conducting transactions, double-checking that any communications or prompts to send cryptocurrency to a new address come from trustworthy sources to avoid potential losses.
