Hello Titans!
First off, thank you so much for all your support over the past few days. We could not ask for a better group of people to have here with us.
As most of you know, the PLAY protocol was compromised on Monday and we have been working nonstop to track down the reason for the exploit and the culprits.
We now have some additional information we would like to share. After further investigation into what has happened, we can identify what has occurred.
Titano itself is original code and is extremely secure against external and even internal exploits. In fact, the code behind Titano is far more secure than most other contracts out there.
The code used to create Titano PLAY, however, was based on pre-existing code that had been employed successfully in other projects for years. Since the code was preexisting and already working, we hired and contracted a developer to assist with implementing it into Titano. This contractor had been recommended to us and was fully public on a well known freelancing website. We had no reason to not trust him and our working relationship was smooth and effective.
The problem occurred when we trusted the contractor to deploy the PLAY contract. Despite transferring ownership back to us after deployment it was the same deployer wallet that would allow for the hack that stole all the Titano from our PLAY protocol two days ago.
The silver lining to this story is that we have been able to pin point the exact people behind this attack. We have ALL of their information and will pursue them. We are working with some excellent members of our community, developers, legal experts, and more and our evidence is strong. The hackers have now been linked back to KYC’d accounts and we will reach out to those exchanges too.
The PLAY contract code will be fixed and re launched soon. ❇️
Furthermore Certik will have our new Titano contract audit completed around Feb 18th which promises even more security than ever before.
We know this has been a difficult week but despite everything that has happened our community has stayed strong. We thank you all for your trust and patience through all of this, thank you Titans, and we are excited for the future together.
The Titano Team.
