• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    featured image

    Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

    Trending Tags

    • Altcoin
    • Crypto Lists
    • News
      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

    • Crypto Market
    • Guide
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      featured image

      Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

      Trending Tags

      • Altcoin
      • Crypto Lists
      • News
        bitcoin laser eyes

        Bitcoin Laser Eyes, What is it all about?

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

      • Crypto Market
      • Guide
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home News

      KICKICO Hacked- $7.7 million worth KICK tokens lost

      Ramaa Mohan by Ramaa Mohan
      September 20, 2018
      in News
      0 0
      0
      KICKICO Hacked- $7.7 million worth KICK tokens lost
      4
      SHARES
      34
      VIEWS
      Share on FacebookShare on Twitter

      As the global economy settles into the beginning of a new quarter, the cryptocurrency market and community take a huge hit as one of its platforms has been hacked.

      KICKICO an ICO platform that works and is based on the blockchain has admitted to have been hacked and has lost a large amount of their own native tokens that are worth up to $7.7 million USD. The platform admitted to having lost 70 million KICK tokens.

      The platform, on its social media, admitted to have had a serious security breach, but did not however know that they had lost so much money until multiple users saw their wallets empty out overnight and brought it to the attention of the company.

      The hack is said to have been perpetrated by one person who used close to 40 different addresses to transfer the KICK tokens to, in order to leave no trace behind. And all 40 addresses of which are said to be controlled by him.

      The company released a statement on Medium last week explaining how they think the cyber criminal got access to their funds and managed to steal them away.

      The hacker is said to have first taken control of all the smart contracts on the platform by obtaining the private keys which eventually allowed them to siphone off money from KICKICO users and registered wallets.

      No Change in Market Price

      Usually following a hack or a security breach of this level and amount, the coin trend sees a significant slump. However, this has not been the case with the KICKICO hack because the attacker/s used 40 different addresses to transfer the KICK tokens. Thereby keeping the value of the token in place as well as leaving no digital trace to track back to them/her/him.

      As a result of this method the attackers used, the company’s status remained the same for hours after the breach and is one of the main reasons why the company and its officials had no clue that such a thing had happened until the customers brought to their attention that their wallets are being emptied out.

      Statement Released

      As is typical of all hacks, this one too saw the same things happen in the aftermath with KICKICO releasing a statement saying that the company would refund all the people who suffered significant losses over some time.

      Notification from KICKICO

      And has requested all users that have lost money in this hack to send an email to their email ID in order to be eligible for remuneration in terms of compensation payouts.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Share4TweetPin

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      by Hitesh Malviya
      February 20, 2021
      0

      There is a new trend growing up in crypto twitter: A Profile Picture with Bitcoin Laser Eyes. Few Big Profiles...

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      by Hitesh Malviya
      March 17, 2020
      0

      Big announcements are coming up from the recent press conference of USA President Donald Trump and Corona virus task force...

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      by Hitesh Malviya
      March 5, 2020
      0

      In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific...

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      by Hitesh Malviya
      March 4, 2020
      0

      Today is the historical day for cryptocurrency community in India, The result of the ongoing case between Reserve Bank of...

      featured image

      Steemit Joining TRON Ecosystem

      by Hitesh Malviya
      February 28, 2020
      0

      Steemit Inc., the largest decentralized blockchain-based social media and blogging platform, announced a strategic partnership with TRON Foundation. TRON and...

      Load More

      About Us

      We share important articles on blockchain technology here. Our mission is to spread the awareness about blockchain technology to masses through content.

      • Trending
      • Comments
      • Latest
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      February 22, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      February 24, 2021
      Top 10 Altcoins to buy on Uniswap – Part 1

      Top 10 Altcoins to buy on Uniswap – Part 1

      February 21, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      February 27, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      February 18, 2021
      defi categories

      Top 5 Defi Categories to watch out for in this Altcoin Season

      February 25, 2021
      crypto investor

      What NOT To Do As A Crypto Investor

      February 26, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      February 27, 2021
      crypto investor

      What NOT To Do As A Crypto Investor

      February 26, 2021
      crypto scams

      Investors have lost $16 Billion since 2012 in 136 Crypto Scams

      February 26, 2021
      defi categories

      Top 5 Defi Categories to watch out for in this Altcoin Season

      February 25, 2021
      A simple guide to understanding FTX Bull and Bear tokens

      A simple guide to understanding FTX Bull and Bear tokens

      February 24, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      February 24, 2021
      featured image

      Top 10 Blockchain companies in the world

      February 22, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2021

        20 shares
        Share 20 Tweet 0

      cointraffic

      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.