Behind all ups and downs, today the second largest cryptocurrency ETHEREUM faced another big shock.
Taylor, a company that recently launched an initial coin offering (ICO) to raise funds to help develop a smart cryptocurrency trading assistant, has recently been hacked for 2,578 ETH (about $1.5 million) as well as some of its TAY tokens.
According to a Medium blog post the company published, what truly happened isn’t yet clear, although several indicators point them towards a group of hackers that hacked another project dubbed CypheriumChain for more than 17,000 ETH (about $9.8 million).
The hacker(s), according to Taylor, collected its funds from multiple sources in a single wallet, before transferring them to a larger one, in which CypheriumChain’s funds ended up. At press time, said wallet has 48,440 ETH in it, worth over $28 million.
After the theft, the organization’s team managed to identify an attempt to dump its TAY tokens on decentralized cryptocurrency exchange IDEX.
Source : CCN.com
