The Taylor hack was not a smart contract exploit, but a hacker got access to one of our devices and took control of our 1Password files. The hacker also stole a big portion of TAY (more than 7% of the total supply), we are considering to issue a new token and swap the old one. The new tokens will be sent to every address that had balance at block number 5663273, except the hackers addresses. The bounty program token distribution, which was planned for May 26th, is on hold until the new token is issued.”]
Source: https://medium.com/smarttaylor/updates-on-the-taylor-hack-incident-8843238d1670