2018-7-27 22:31 |
Initial coin offering support platform KickICO lost $7.7 million in KICK tokens in a hack on Thursday, the company reported.
CEO Anti Danilevski wrote in a blog post that the startup’s team discovered some 70 million KICK tokens missing from its wallet after the KickCoin smart contract owner’s private key was compromised.
Several users’ wallets were emptied as part of the hack, though the startup committed to returning tokens to all holders.
The hackers allegedly destroyed tokens on 40 different wallet addresses and generated tokens on 40 different addresses to evade detection from KickICO’s team, he said.
KickICO has restored control over the smart contract intends to return all lost tokens to users, he said.
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