
Detail Analysis

Key Indicators
Platform:
Type:
Category:
Method:
ICO
Poor Key Management
Extended Method:
Private key leak, hot wallet
Data Sources:
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 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.
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