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."

ChainCatcher message, according to on-chain data shared by @0xleng1, Kaito AI is suspected of transferring user funds for new token offerings to Binance Wealth Management. Community user @cryptobraveHQ stated that the fund size exceeds 90 million dollars. Kaito staff responded that they are restoring custodial services with FalconX, and in the meantime, using Binance for temporary custody is solely for custodial purposes. Once completed, all funds will be migrated back to the process chain and managed by FalconX, which is consistent with the practice since its launch in July.