The picture was taken while the engine was running?
Is that white smoke/vapor? Or blue?
The crankcase condenses out water inside the engine from repeated cooling cycles. Heat vaporizes this water to foam a vapor cloud. The bottom of the air filter box should have a crankcase breather connection, so that engine vapors and unburned hydrocarbon are burned within the cylinder, rather than find their way into the lungs of mammals on this planet.
Depending on how much water is in your crankcase, the vapor should clear after 15-20 minutes of operation at full temperature.
If the engine is stopped in that picture, then atomized fuel/air mixture may well back flush back through the carbs. Particularly if the cylinder head is warmer than the air box. Gases heating near the cylinder head would be expanding, pushing the air/fuel mass toward the colder area.
Cheers,