The Cato AI, an artificial intelligence-powered platform that collects crypto data to provide market analysis for users, and its founder Yu Hu, was a victim of an X social media hack on 15 March.
In many now removed posts, hackers claimed that Kito Wallets were compromised and users were advised that their funds were not safe.
According For Defee Warhole, hackers opened a small position on the Kaito token before posting the message in the hope that the users would sell or pull their funds, crashed the price and created profits for the threatening actors.
The price of the keito token, possibly due to a small condition. Source: Coinmarketcap
The Kito AI team achieved access to accounts and assured users that Kito token wallet was not compromised in the exploitation of social media.
“We had high-standard security measures to stop [the hack] – So it appears to be the same or similar as other recent Twitter account hacks, “said the Kato AI team.
This recent exploitation is the latest in the growing list of social media hacks, social engineering scams and cyber security events, harassing the Crypto industry.
Source: Kito Ai
Connected: Kaito AI token affects pressure sales pressure with a 50% value rally rally
Vigilance is important: some latest scams and exploitation to influence crypto
The X account of pump.fun was hacked by a danger actor on 26 February to promote several fake tokens, including a fraudulent governance token for a fair launch platform called “pump”.
According Onchain sleuth zackxbt, pump. The incident of Fun was directly related to the Jupiter Dao account hack and Dogwifcoin X Account Agreement.
On 7 March, Alberta Securities Commission, a Canadian Financial Regulator, Wags The public’s malicious actors were using fake news articles and fake support characterized by Canadian politicians to promote a crypto scam.
The scam, known as a cancer, was played on the possibility of a trade war between Canada and the US to unheard the victims to invest in the project, which scammers claimed that Canadian leader Justin Trudeau supported.
An example of a Lazarus Social Engineering Scam where hackers pretend to be entrepreneurship capitalists who experience audio-visual issues. Source: Nick Bax
Crypto officials are also ringing alarm on a new scam from the state-proposed Lazarus Hacker Group, where hackers pose as enterprise capitalists in a zoom meeting.
Once the target is in the meeting room, hackers claim that they were experiencing audio-visual issues and the victim was redirected in a malicious chat room, where the user is encouraged to download a patch.
The patch contains malpractices designed to steal the crypto private keys and other sensitive information from the victim’s computer.
magazine: Favorite exploitation of Lazarus Group revealed – Crypto Hack Analysis
