Attackers managed to get access to the smart contract of the platform's token and imperceptibly seized about 70 million KickCoins. ANd it seems that they used a Bancor network feature.

Unlike most hacker attacks on blockchain projects, the hackers who attacked Kickico achieved access the Kick smart contract by obtaining the private key of the KickCoin contract. The incident occurred on 26 July at 09.04 UTC.

While they had full access to the KickCoin contract, hackers destroyed tokens at 40 addresses and created the same number of tokens on 40 new accounts, in practice stealing funds from address owners with destroyed tokens.

"In order to hide the results of their activities, they employed methods used by the KickCoin smart contract in integration with the Bancor network."

The total emission of tokens remained unchanged and fraud was not immediately detected.

“KICKICO has experienced a security breach, which resulted in the attackers gaining access to the account of the KICK smart contract — tokens of the KICKICO platform. The team learned about this incident after the complaints of several victims, who did not find tokens worth 800 thousand dollars in their wallets,” KICKICO said in a notice.

A few hours after the incident, the Kickico team was able to regain access to its smart contract and replaced the compromised private key with a key from its cold wallet in order to protect the network and the remaining user funds.

The project team stressed in its official statement that affected owners of 40 accounts will get full refund of lost KickCoins.

The affected users are invited to send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. "for all questions regarding stolen tokens."