On March 15, 2025, the accounts of Kaito AI and its founder were hacked. A false message about a hacker attack and theft of users’ funds was posted, causing panic. The scammers used this to manipulate the price of the KAITO token, opening a short position and making over $1 million
The Kaito AI team assures that users’ funds are safe. The hack occurred despite all security measures, including two-factor authentication
The investigation is ongoing