![]() ![]() ![]() There has been a sudden increase in cyber attacks against ICO projects and cryptocurrency exchanges, thanks to the growing value of Bitcoin. The team learned about this incident after the complaints of several victims, who did not find tokens worth 800 thousand dollars in their wallets.” ![]() “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. In its official blog post, KICKICO said that: Moreover, the good news is that the company is fully reimbursing 40 affected addresses. In response, KICKICO’s team was quick to block the attack by regaining control over the tokens and replacing the hacked private keys with cold storage private keys. The attack on KICKICO was well planned as according to the company when hackers got their hands on the smart contract of KickCoin, they destroyed tokens at about 40 addresses and created tokens at the other 40 addresses with the exact amount. The cyber attack took place on Thursday, July 26th when hackers breached the platform’s security after obtaining the private key of KickCoin’s smart contract and gaining direct access to KICKICO blockchain’s smart contract. This time, KICKICO, an Initial Coin Offering (ICO) project that lets users conduct ICOs, pre-ICOs, crowdfunding and crowdinvesting campaigns have suffered a security breach and as a result, hackers have stolen more than 70 million KickCoins which is around $7.7 million. ![]()
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