This theft is reminiscent of the one that happened with CypherumChain, in which the hacker obtained a reward of USD $ 9.8 million. Currently, Taylor is weighing measures to take to reimburse the stolen tokens and find the identity of the hacker. The team maintains that the company will remain afloat
Another major hack occurred this week in the cryptographic space. This time it was a cryptocurrency company that was the victim of the attack. This is Taylor, an encryption company that is developing an intelligent cryptocurrency exchange assistant, which reportedly lost about 2,578 eth obtained from the funds of its Initial Cryptocurrency Offer (ICO) along with some of its tokens particular, called TAY.
Taylor is an easy-to-use trading platform that helps people earn small profits several times a day using a trade assistant. Due to the similarity in certain points, this attack is reminiscent of the one that occurred with CypherumChain, who was robbed of some 17,000 eth, equivalent to USD $ 9.8 million for that date. The total value of what was stolen from Taylor, 2,578 ETH, on the other hand, is approximately USD $ 1.5 million in current value.
Taylor's team is doing everything possible to prevent the TAY tokens from being used: "After what happened we noticed an attempt to introduce the stolen token in IDEX, so we asked the IDEX team to remove TAY until we had a clear vision of the situation. "
According to the team, the hackers managed to access one of the devices and gained control of the 1Password files. The team described the attack as "highly advanced and coordinated."
Additionally, Taylor's team is also ensuring that refunds are made by returning a new token to existing users and to people who had a balance in block number 5663273.
The goal is to make sure that the hacker does not receive the new token. We analyze all transactions made by him, and we know exactly where the stolen tokens are. "
The founder of Taylor, Fabio Seixas, has taken this attack very seriously and plans to hire a specialized company that understands how and who emerged victorious from piracy.
"We will soon reveal an action plan, both in relation to the operations of the company and what will happen to the token. At the moment, I can not clarify more details about the token, otherwise the hacker could preempt our actions, "said Seixas.
We ensure that we will spare no effort to find a way to mitigate the implications of this incident for each legitimate token holder. We will not go anywhere! "