Kaito AI has reported irregular activity in multiple wallets linked to the company, prompting an active investigation to assess the potential impact. Initial reports suggested that a percentage of the $KAITO token supply may have been compromised. Further updates from Kaito AI clarified that the company's X accounts, including those of co-founder Yu Hu, were hacked. The hackers used these accounts to spread false information about the security of Kaito's token supply. Kaito AI has confirmed that no Kaito wallets were compromised and the team has regained access to the affected X accounts. Co-founder Yu Hu had initially warned that 'the funds are not safe for now,' but this was part of the misinformation spread by the hackers. The price of $KAITO barely reacted to the initial reports, indicating a muted market response to the misinformation.
🚨BREAKING🚨 North Korea announced a strategic $KAITO reserve https://t.co/YLk6NELfxI
X accounts of Kaito and founder Yu Hu hacked to spread unfounded reports of token supply issues https://t.co/C3gQjBQQXz
Crypto is down so bad that scammers are hacking the X accounts of billion-dollar protocols, decide to post FUD instead of shilling a new contract, short the token, and all that just to make a couple bucks on a -5% dump 😭 https://t.co/lMAag3MUo4