Kickico has lost more than 70 million kick tokens worth 800,000 after hackers gained access to the KickCoin smart contract using Kickico’s own system and the Bancor network. The company said customers alerted it to the breach after they discovered a total of $more than $7m of tokens were missing from their wallets. Bancor said the function involved was built by Kickico. Hackers took tokens from 40 addresses and created new tokens at 40 more but the company said it had regained control of the tokens and prevented further losses. It said it would return all tokens to holders.
Kickico has lost more than 70 million kick tokens worth more than $7m after hackers gained access to the KickCoin smart contract using Kickico’s own system and the Bancor network. The company said customers alerted it to the breach after they discovered a total of $800,000 of tokens were missing from their wallets. Bancor said the function involved was built by Kickico. Hackers took tokens from 40 addresses and created new tokens at 40 more but the company said it had regained control of the tokens and prevented further losses. It said it would return all tokens to holders.