The creators of Taylor, a cryptocurrency trading app, convey claimed that they convey lost well-nigh 2,578.98 Ether (which is currently valued at over $1.49 million) from the company’s wallet inwards an assail past times an unidentified hacker.
Taylor posted on Medium on May 22, revealing that they had been hacked in addition to almost all their funds stolen. The society said that apart from the Ether, TAY tokens were also stolen from the Team in addition to Bounty pools, amounting to over seven percentage of the full supply.
“The solely tokens that were non stolen are the ones from the Founders’ in addition to Advisors’ pools, because there’s a vesting contract making them inaccessible for now,” the written report read.
The society wrote that since they are yet investigating the attack, they cannot divulge much, but said, “What nosotros tin tell is that it was non a smart contract exploit. Somehow the hacker got access to i of our devices in addition to took command of i of our 1Password files.”
Taylor believes that the hacker is the same someone or grouping that hacked CypheriumChain in addition to stole over 17,000 ETH (amounting to well-nigh $9 million), every bit the hacker worked past times collecting the sum from multiple sources into a single wallet thence transferring it to a bigger wallet, which is allegedly the same wallet where the tokens from the CypheriumChain hack were transferred.
The squad also noticed an endeavour to dump the stolen TAY tokens on IDEX in addition to asked them to delist TAY until they knew to a greater extent than well-nigh the situation, which agency that the marketplace is downwardly for TAY in addition to fifty-fifty legitimate token holders cannot trade.
“We are considering to lawsuit a novel token in addition to swap the former one,” the society said. “The finish is to brand certain the hacker does non have the novel token. We analyzed all transactions made past times him, in addition to nosotros know just where the stolen tokens are.”
Taylor warned token owners to halt all trading of TAY tokens until to a greater extent than information is revealed in addition to novel tokens are sent out, “otherwise, y'all may lose your money in addition to volition non locomote able to have the novel token.”
“We reassure that nosotros volition spare no efforts to detect a way to mitigate the implications of this incident for every unmarried legit token holder. We are non going anywhere!” the society said afterwards the attack.
