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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 26, 2018

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Verified

1

zerofriction.io

Loss Amount:

7,700,000

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Recovered Amount:

-

Currency:

Dollars, KICK

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

ICO

Poor Key Management

Extended Method:

Private key leak, hot wallet

Data Sources:

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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 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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.