In several now-deleted posts, hackers falsely claimed that Kaito wallets had been compromised and warned users that their funds were no longer safe. However, the Kaito AI team quickly regained control of the accounts and reassured users that Kaito token wallets were unaffected by the breach.

KAITO Token Price Drops!

According to DeFi Warhol, the attackers opened short positions on KAITO tokens before spreading the false information. The goal was to trigger panic selling and cause a price crash, allowing the hackers to profit from their short positions.

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The Kaito AI team addressed the incident with the following statement:

“Despite having high-standard security measures in place, we were still compromised. It seems to be similar to other recent X account hacks.”

Rising Cyber Threats in the Crypto Industry!

This incident adds to a growing list of social media hacks, social engineering scams, and cybersecurity concerns within the crypto space. In recent weeks, the Pump.fun and Jupiter DAO accounts were also compromised using similar tactics.

Additionally, Canada’s Alberta Securities Commission issued a warning about the CanCap scam, where malicious actors used fake news and fabricated endorsements from Canadian politicians to promote fraudulent crypto investments. The scammers exploited concerns over a potential trade war between Canada and the United States to lure investors.

Lazarus Group Strikes Again!

State-sponsored hacker group Lazarus has also launched a new scam. They pose as venture capitalists in Zoom meetings and claim to experience audio-visual issues. Victims are then redirected to malicious chatrooms where they are instructed to download a “patch.” This software is designed to steal private crypto keys and other sensitive data from the victim’s device.

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The post Kaito AI and Founder Yu Hu’s X Accounts Hacked! appeared first on Coin Engineer.

Trump’s Tariffs and Their Market Impact

According to a February 1 statement from the White House, Trump has implemented a 25% additional tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods. Energy resources from Canada will face a lower 10% tariff.

Trump justified his decision by stating that it was necessary to “hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”

However, market sentiment suggests that these tariffs could increase inflation and lead to higher interest rates, pushing investors away from riskier assets like crypto and towards traditional investments such as bonds and fixed deposits.

Countries Respond Quickly!

In response to Trump’s decision:

• Canadian Prime Minister Justin Trudeau announced a 25% tariff on $106.5 billion worth of U.S. goods.
• China’s Ministry of Commerce stated it would file a complaint with the World Trade Organization (WTO) and take corresponding countermeasures.
• Mexican President Claudia Sheinbaum said on X that she has instructed the Secretary of Economy to “implement Plan B,” which includes “tariff and non-tariff measures in defense of Mexico’s interests.”

Shortly after these retaliations, Bitcoin (BTC) fell below the psychological $100,000 level, hitting $99,111 for the first time since January 27. As of publication, Bitcoin is trading at $99,540.

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According to CoinGlass data, $22.70 million in long positions were liquidated in the four hours leading up to publication.

Crypto Community Divided Over Market Impact

The crypto industry is split on the impact of Trump’s tariffs on the broader market.

Crypto Capital Venture founder Dan Gambardello dismissed the panic, saying, “I cannot believe there’s a popular opinion floating around that Trump tariffs and his memecoins ended the bull cycle.”

Bitwise Invest’s head of alpha strategies, Jeff Park, argued that in the long run, “a sustained tariff war will be amazing for Bitcoin.”

However, Cinneamhain Ventures partner Adam Cochran had a different view, stating that Bitcoin is not separated enough from global markets and now trades like triple-leveraged tech.

“An economic squeeze of this scale just means pain all around, and we should be okay with denouncing that,” Cochran said.

Bitcoin’s recent drop once again highlights its connection to global economic policies. As the markets closely watch Trump’s trade decisions and potential new sanctions, Bitcoin and other crypto assets face continued uncertainty.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Falls Below $100K: Trump’s Tariffs Shake the Market! appeared first on Coin Engineer.