Earlier this week, on Tuesday, the Waves decentralized exchange was attacked, which followed the hacking of the crowd funding-oriented company, KICKICO. It also experienced a security breach on Thursday with the loss of $7.7 million worth of KICK tokens. Also, the platform was the second DEX platform to gain the popularity in April 2018.
The CEO of KICKICO, Anti Danilevski states in a blog post that the startup’s team analyzed some disparities in their accounts.
The issue was recognized after the team received some continuous repetitive complaints from several victims. Some victims said that their tokens worth $800,000 suddenly went missing from their wallets.
The team instantly peeked into the matter and realized that 70 million KICK tokens were missing from their Platform. At that time, it costs approximately around $7.7 million. The hackers supposedly demolished 40 different pocket addresses with the generated tokens on those particular addresses.