Attack on Taylor cryptocurrency trading platform: 2600 Ether lost!

Recently , the Taylor company that launched ICO to develop an intelligent crypto money trading platform has steered some TAY tokens, as well as about 2600 ETHs.

According to a company submission by Medium, the findings are hacking another project named CypheriumChain, marking a group of 17,000 ETH pirates.

According to Taylor, the hackers collected money from multiple sources in a single billfold before transferring a larger account. During the broadcast, it was found that there were 48440 ETHs worth about $ 30 million in the wallet.

On the other hand, because 7 percent of the total supply of TAY tokens is stolen, the company is preparing to distribute a new token to repay the user.

Taylor was reported to think of hiring a company to investigate the matter as soon as possible. “We will soon have an action plan for what will happen to both the company’s operations and the token,” said co-founder Fabio Seixas.

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Aamir Kapoor is a fintech writer specializing in cryptocurrency and blockchain. He has a background in finance and banking and was a researcher.