taylor-772TaylorTaylor is a cryptocurrency trading app, that raised a successful initial coin offering (ICO) in order to get funding. Unfortunately, not long after, hackers managed to gain access to a company device and took control of a password file. The malicious actors stole all of the Ethereum raised in the ICO, valued at $1.5 million. There were concerns that this was just another exit scam, but it appears that Taylor has slowly managed to rebuild. Taylor staff arrived at the office and found out that Taylor has been hacked and all of the funds have been stolen. Not only the balance in ETH (2,578.98 ETH), but also the TAY tokens from the Team and Bounty pools. The only tokens that were not stolen are the ones from the Founders’ and Advisors’ pools, because there’s a vesting contract making them inaccessible for now.

Detail Analysis

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Taylor

Submit Incident Report

Date:

Status:

Count:

Contributor:

May 21, 2018

Verified

zerofriction.io

Loss Amount:

1,500,000

Recovered Amount:

Currency:

Dollars, ETH, TAY

KYC By:

Audit By:

None

Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

Key Indicators

Platform:

Type:

Category:

Method:

Ethereum

DApp

Poor Key Management

Extended Method:

Leak private key, stolen password files

Data Sources:

https://medium.com/smarttaylor/this-is-a-dark-day-for-taylor-ded587463da7

Taylor is a cryptocurrency trading app, that raised a successful initial coin offering (ICO) in order to get funding. Unfortunately, not long after, hackers managed to gain access to a company device and took control of a password file. The malicious actors stole all of the Ethereum raised in the ICO, valued at $1.5 million. There were concerns that this was just another exit scam, but it appears that Taylor has slowly managed to rebuild. Taylor staff arrived at the office and found out that Taylor has been hacked and all of the funds have been stolen. Not only the balance in ETH (2,578.98 ETH), but also the TAY tokens from the Team and Bounty pools. The only tokens that were not stolen are the ones from the Founders’ and Advisors’ pools, because there’s a vesting contract making them inaccessible for now.

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