KaiChain says leaked developer credentials led to Arbitrum liquidity fund theft

KaiChain said a security incident exposed credentials from a single developer workstation. Using those credentials, an attacker withdrew funds tied to KAI liquidity operations on Arbitrum and then sold the tokens.

The incident has been contained, and the security team has completed an audit of the affected systems, KaiChain said. The full scope of the impact is still being assessed, and the project said it will share verified additional details and follow-up measures through its official channels.

Source: Coinness