Categories: ICO

KICKICO Will Return 70 Million KickCoins Token Holders Amid Security Breach

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Photo: Kickico / Facebook

Ethereum-based protocol KICKICO suffered a hack attack. 70 million KICK tokens were stolen. Currently, the problem is eliminated, and all the stolen tokens are promised to be returned to the holders.

KICKICO, an online blockchain technology-based platform for fundraising in cryptocurrencies, suffered a security breach on July 26.

KICKICO experienced a security breach in the afternoon (EST) today. All wallets are safe now. We are investigating the issue and will post an update when we get more details.

— KICKICO.COM (@KICKICOplatform) July 26, 2018

KICKICO is an ecosystem-based platform that provides everyone with an opportunity to buy tokens of new groundbreaking projects in their early stages. KICKICO community totals over 55,000 people, and the KickCoin is traded on ten major crypto exchanges. The platform has helped launching more than 20 projects resulting in successful ICOs with 250,000 ETH in total funds raised, including Micromoney, Hacken, Universa, Playkey, INS and others.

The KICKICO platform is easy to navigate, with the option to localize campaigns by authors. KICKICO has compatibility in most common languages, so individuals can back campaigns from all around the world.

In 2017, KICKICO earned the “ICO of the Year” title from BTC CIS Awards, as it collected more than 84,000 ETH during its ICO.

Yesterday, the platform suffered attack. The hackers got access to the account of the KICK smart contract —the KICKICO tokens, and hided their activities by destroying tokens at approximately 40 addresses and creating tokens at the other 40 addresses in the corresponding amount.

In a short while, several people complained that they didn’t not find tokens worth 800 thousand dollars in their wallets. The KICKICO team rapidly responsed, carried out an investigation and found out that the total amount of stolen funds was 70,000,000 KICK. At the current exchange rate it is equivalent to $ 7.7 million.

According to the KICKICO team, the attack may have been caused by explosive KickCoins growth, that has tripled in price during the last 2 weeks (from 0,4 to 0,12 cents). Last week, Coinmarketcap placed KICK tokens among top 10 coins by growth.

The project team asked all those whose tokens have been stolen to email report@kickico.com for the return of funds to wallets and apologized for the incident. Moreover, all the stolen tokens are guaranteed to be returned to KickCoin holders. The KICKICO team commented:

“We’ll return exact amount of tokens to their legit owners. We apologize for the inconveniences, but guarantee that the situation is under control.”

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

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

More info: https://t.co/76PS0L6XB6

— KICKICO.COM (@KICKICOplatform) July 26, 2018

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