Kaito is suspected of depositing tens of millions of dollars of user funds for new investments into Binance's wealth management, officially referred to as "temporary custody."

2025-09-30 10:43:29

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According to ChainCatcher news and on-chain data shared by @0xleng1, Kaito AI is suspected of transferring user funds for new coin offerings to Binance Wealth Management. Community user @cryptobraveHQ claims that the scale of the funds exceeds 90 million USD. Kaito staff responded that they are restoring custodial services with FalconX, and during this period, using Binance for temporary custody is solely for custody purposes. Once completed, all funds will be migrated back to the on-chain process and managed by FalconX, consistent with the practices since its launch in July.

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