The suspected attackers stole 70 million KICK tokens for over $7,7 million.

Last week primary offerings platform (ICO) KickICO reported the hacking attack on its system resulting in 70 million KICK tokens stolen which equals $7,7 million.

The KICK team first learned about this incident after receiving complaints from several victims. Particularly from a victim who did not find tokens worth 800 thousand dollars in their wallets.

According to investigation, with full access to KICK’s smart contract, the hackers replaced 40 different addresses with new fake addresses containing the same amount of KICK tokens.

After that, they transferred the tokens in the different accounts and destroyed the addresses to leave no trace.

By so doing, the hackers didn’t alter the total supply of KICK tokens in circulation hoping that such a tact would enable them to fly under the radar.

Platform administration gained back the control over the tokens and managed to regain access to its smart contract by replacing the compromised private key with the private key in its cold wallet, to protect the network and remaining user funds.

To get a refund, the team at KickICO has advised that users who lost funds in the attack to send an email to the project team.