Gate KICK holders need to get refund from KickCoin team

Due to the concern of the "additional emission" of KICK from the KickCoin team, we stopped providing the KICK deposit service and delisted KICK on Aug.6. A few hours after, the Kickcoin team initiated one of their smart contract methods to transferred all KICK tokens in two of Gate's addresses to themselves in the following two transactions:



https://etherscan.io/tx/0x60f45b63811f997f98f1373363d3fc0ea9da859e9b73554e37c0d3cc8e99e6dd

https://etherscan.io/tx/0xf6cda26161cd7f640538d5e839cd8bb0fc28eeb79a0b83457ffa6faf4919fa5f



On Aug.5, another exchange trade.io met the same situation explained in this link

https://medium.com/@trade.io/trade-io-delists-kick-post-clawback-ee5b5bc25bd5



The Kickcoin team posted an article to let Gate users to claim their KICK balance by sending emails to support@kickico.com. Check the details at

https://medium.com/@kickeco/the-case-with-gate-io-f35a529a85b3



Our Security Team has examined other projects listed with Ethereum Smart Contract, and we have not found issues where the team exploit the super admin permission to transfer the funds away from the platform (i.e. the KICK situation). We will look closely to such permission as we list projects to avoid the same situation. Users who have found issues with projects' smart contract code please report to us. We will offer rewards for issue reporters based on our previous Bug Bounty Program.



If you have more than 5000 KICK in your balance, please send an email to support@kickico.com with a title ‘Gate io Refund’ to claim your tokens back.

If you have less than 5000 KICK in your balance, you can withdraw from Gate from https://www.gate.com/myaccount/withdraw/KICK



We sincerely appreciate your continuous support. Stay tuned for more innovative products from Gate!



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Aug 9,2019