Another day, another crypto Twitter hack making people lose their shirts.

Kaito AI and founder Yu Hu had their X accounts compromised on March 15, with hackers posting that the platform's wallets were drained.

The whole thing was a classic short-and-dump operation that would make even the operator of LIBRA feel a bit uncomfortable.

The Short Setup

The attackers went full galaxy brain and opened short positions before they even started the FUD campaign.

They hijacked both accounts simultaneously and posted fake wallet compromise alerts designed to tank the token price.

Kaito's team managed to wrestle back control of the accounts as quickly as they could, but by then, everyone who had panic-sold was already down bad while the hackers counted their gains somewhere on a beach.

The Hack Factory

This went far beyond your average social engineering – what we just witnessed was a whole operation targeting crypto accounts.

Pump.fun got jacked on February 26, with the same group linked to earlier takeovers of Jupiter DAO and DogWifHat.

Meanwhile, Canadian degens are being targeted by something called CanCap, complete with fake politician endorsements that would make a Ponzi blush.

Someone out there is building a hack factory, and they're working harder than your average North Korean Lazarus member to engineer things to their advantage socially. 

State-Sponsored Hacking

Speaking of North Korea's Lazarus Group, they’re now pulling moves that even Hollywood couldn't make up.

These guys are literally impersonating VCs on Zoom calls, probably wearing Sequoia Capital t-shirts while distributing malware.

February's crypto losses were absolutely biblical – we're talking 20 times January's numbers.

The Bybit hack alone saw $1.5B in ETH vanish into thin air – sure, some of it is tracked, but that whole “immutable blockchain” thing is proving to be a double-edged sword.

New Meta, Old Problems

The game is changing, and not in the way most degen traders wanted.

Now that smart contracts are getting better audits than most public companies, hackers are going after the softest targets – social accounts and the humans behind them.

Your multisig might be bulletproof, but your community manager's password being "WAGMI2025" is the real vulnerability.

We're straight up living in an era where your operational security matters more than your technical stack.

Stay Safe Out There

Two-factor auth, hardware keys, and burner devices aren't just for the paranoid anymore.

If you're running a project with a market cap larger than a small country's GDP, maybe treat your social accounts like they're actually worth something.

The password reuse and link-clicking days are gone, and it’s time to get serious about operational security (OPSEC). 

Kaito AI dodged a bullet this time, but the next target might not have the same recovery powers.