Kaito AI is an artificial intelligence-powered platform that aggregates cryptographic data to provide market analysis to users, and its founder Yu Hu was the victim of the X social media hack on March 15th.
In posts in several current posts, the hackers claimed that Kite's wallet had been compromised and advised users that their funds were not safe.
According to Defi Warhol, the hackers opened a short position in the kite token and then posted a message in the hope that users would sell or pull the funds.
The price of kite token dip, probably due to the short position. sauce: coinmarketcap
The Kaito AI team has regained access to their accounts and reassured users that Kaito token wallets have not compromised on social media exploits.
“There were standard security measures to prevent it. [the hack] – So it seems similar or similar to other recent Twitter account hacks,” the Kaito AI team added.
This recent exploit is the latest in a list of social media hacks, social engineering fraud, and cybersecurity incidents plaguing the crypto industry.
sauce: Kaito ai
Related: Kaito ai token ignores influencer sales pressure at 50% price rally
Vigilance is important: Some of the latest scams and misuses to affect cryptography
Pump.Fun's X account was hacked on February 26 by threat actors promoting several fake tokens, including fraudulent governance tokens for a fair launch platform called “Pump.”
According to Onchain Sleuth ZackxBT, the Pump.Fun incident was directly connected to a Jupiter DAO account hack and a compromise between the DogWifcoin X account.
On March 7, the Alberta Securities Commission, a Canadian financial regulator, warned that the malicious actor was using fake news stories and fake support that feature portraits of Canadian politicians to promote crypto fraud.
The scam, known as Cancap, was fearful of a trade war between Canada and the United States, tempting unsuspecting victims to invest in the project.
An example of Lazaro social engineering scam where hackers pretend to be a venture capitalist experiencing audiovisual problems. sauce: Nick Bucks
Crypto executives are also warning about new scams from the state-sponsored Lazarus Hacker Group. There, hackers pose as venture capitalists at Zoom meetings.
When the target is in the meeting room, the hacker claims to be experiencing audiovisual issues and redirects the victim to a malicious chat room.
This patch contains malicious software designed to steal cryptographic private keys and other sensitive information from the victim's computer.
magazine: Lazarus Group's Favorite Exploits Revealed – Crypto Hacks Analysis
