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Another day and another hack into the crypto space with the latest victim being Kickico, who has seen an astounding loss of 70 million KickCoin chips estimated at $ 7.7 million.
According to a press officer of the company who spoke to CoinGeek, the security breach occurred last Thursday at 9:04 am (UTC), which allowed attackers to access the Kick Smart Contracts account. and tokens of the Kickico platform.
The incident after the complaints of several victims, who have not found chips worth about $ 800,000 in their portfolios. Initial reports showed that $ 800,000 Kick tokens were missing, but more than 70 million chips were stolen, which, at the current exchange rate, equals $ 7.7 million. .
control over the smart contract has been fully restored. The Kickico team also promised to return all the chips to their owners, saying, "We will return the exact number of stolen chips to their rightful owners. We apologize for the inconvenience, but we can guarantee that the situation is under control. "
The hackers had access to the private key of the smart contract owner KickCoin.In order to hide the results of their activities, they used methods used by the KickCoin smart contract in integration with Bancor network: the hackers have destroyed tokens at about 40 addresses and created tokens at the other 40 addresses in the corresponding amount.Therefore, the total number of chips in the network has not changed.
Kickico is an online blockchain platform based on technology for fundraising in crypto-currencies, collecting more than 84 000 ETH Users whose chips have been lost due to hacking should send an email to the Kickico team to request a refund.
Ethereum may have had the advantage in terms of tokens, but it also faces many security issues.The Ethereum network does not work read as cryptocurrency.In comparison, Bitcoin Cash (BCH) can do everything the Ethereum – and all other platforms – can do and more. In fact, smart contracts are already available with Bitcoin BCH after the May network upgrade, which has increased the block size to 32 MB and has also restored some OP_Codes for advanced features Note: Tokens on the Bitcoin chain Core (Segwit) are referenced as BTC coins. Bitcoin Cash (BCH) is today the only implementation of Bitcoin that follows the original Satoshi Nakamoto white paper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision of Bitcoin as a fast, frictionless electronic currency.
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