An open letter on Taylor’s current situation
2018-05-26 • Taylor •
https://medium.com/smarttaylor/an-open-letter-on-taylors-current-situation-49c8f25f0ce1
Taylor said it lost almost all project funds in a hack, leaving about $25,000 and forcing the team to reconsider whether it could keep operating full time. The post does not disclose an actor, intrusion method, malware, infrastructure, or indicators, but says specialists and a forensics team were helping the investigation. Taylor said it reviewed and strengthened security procedures after the incident. The operational impact centered on survival options, including open-sourcing the project, reducing work to spare time, seeking outside funding, or selling remaining tokens after a planned token swap.