Taylor Hack

REPORTED LOSS $1.6M
Medium Access Control

What happened

Taylor has been hacked for 2,578 ETH (about $1.5 million) as well as some of its TAY tokens.

The hacker's address:

https://etherscan.io/address/0xf243209d…5f1053

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:

https://etherscan.io/tx/0x878b3b29…4c83e8

After the theft, the organization’s team managed to identify an attempt to dump its TAY tokens on the decentralized cryptocurrency exchange IDEX:

https://etherscan.io/address/0xf243209d…5f1053#tokentxns

Case & protocol details

Classification CeFi
Protocol Type Exploit/Access control
Affected asset / contract TAY
Official Website smarttaylor.io/
Protocol Twitter/X @smarttaylorapp

Evidence & learning

Attack pattern

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Access Control Attacks

Sources and on-chain records

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