KICKICO security breach. Issue under control, all KickCoins will be returned

On July 26 at 9:04 (UTC) KICKICO has experienced a security breach, which resulted in the attackers gaining access to the account of the KICK smart contract — tokens of the KICKICO platform. The team learned about this incident after the complaints of several victims, who did not find tokens worth 800 thousand dollars in their wallets.

During the investigation, it was found that the total amount of stolen funds is 70,000,000 KICK, which at the current exchange rate is equivalent to $ 7.7 million.

At the moment, the control over the smart contract has been fully restored. The project team asks all those whose tokens have been stolen to email report@kickico.com for the return of funds to wallets.

KICKICO guarantees to return all tokens to KickCoin holders. We apologize for the inconveniences, but claim that the situation is under control.

More details about the attack:

The hackers gained access to the private key of the owner of the KickCoin smart contract. In order to hide the results of their activities, they employed methods used by the KickCoin smart contract in integration with the Bancor network: hackers destroyed tokens at approximately 40 addresses and created tokens at the other 40 addresses in the corresponding amount. In result, the total number of tokens in the network has not changed. But thanks to the rapid response of our community and our coordinated team work, we were able to regain control over the tokens and prevent further possible losses by replacing the compromised private key with the private key of the cold storage.

At the moment the problem is completely eliminated, the wallets of KickCoin holders are safe.

For all questions regarding stolen tokens, please contact us via our official channels in social networks or write to mail: report@kickico.com