The Economic Times

Crypto chaos hits X: KAITO token drops 20% and NFT prices fall after Elon Musks platform blocks InfoFi apps - what does it mean for investors

Crypto sell-off after X InfoFi ban: X, formerly Twitter, has revoked API access for apps like InfoFi that reward users for posts, citing a surge in spam and AI-generated content. This move has caused significant drops in related crypto tokens, including KAITO, which fell nearly 20%. While some in the crypto community support the crackdown, others urge X to reconsider its stance on creator revenue.