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ID:

kickico-761

Date:

Status:

Incident Count:

July 26, 2018

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

7,700,000

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Recovered:

-

Rewards:

Currency:

USD, KICK

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

ICO

Key Management

Extended Method:

Private key leak, hot wallet

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Days in Operation:

0

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KICKICO is a blockchain-based initial coin offering (ICO) support platform and fundraising platform. KickICO is a crowdfunding platform that supports AIO fundraising, but the auction sale takes place on both the KickICO platform and campaign tokens are automatically approved for listing on the KickEX exchange. As a result, both communities - platforms and exchanges - participate in the auction. 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 USD 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.

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