KICKICO: $7.7 Million Theft Following Security Breach of Blockchain ICO

Another day, another ICO hacked. This time, KICKICO, an Initial Coin Offering (ICO) project that lets users conduct ICOs, pre-ICOs, crowdfunding and crowdinvesting campaigns have suffered a security breach and as a result, hackers have stolen more than 70 million KickCoins which is around $7.7 million.

The cyber attack took place on Thursday, July 26th when hackers breached the platform’s security after obtaining the private key of KickCoin’s smart contract and gaining direct access to KICKICO blockchain’s smart contract.