TBIS, Inc. loses 1 million tokens from dev wallet? Hack or foul play?

There seems to be trouble in the water for the Titanium team today. Yesterday there were nearly 12 million Titanium BARs minted from the smart contract (presumably for the bounty).

However; once those coins were minted they were then sent to this address;

 

We'd like to assume that this wallet is the team wallet for TBIS considering the coins that were sent here were actually from the smart contract. This seems fine however as you can see above 2M of those coins were sent out the same day. If you follow those transactions, you come up with this information. The tokens were sent to this wallet (0x95b5981a0ffe5ebe0c79489ca22a60dfaf8e4ffd) then forwarded to this wallet (0x2a0c0dbecc7e4d658f48e01e3fa353f44050c208). This second wallet is actually the IDEX decentralized exchange platform.

 

 

Very interesting indeed; there was a sell order that i saw for around 180,000 BAR tokens on IDEX which has now halted trading activities. There is also a sell wall of around 200k BAR tokens on HitBTC as we speak. There has been no official word yet as to the reason that these tokens have hit an exchange and many BAR holders are worried. What do you guys think of this situation? Is it a hack? An internal sell off? Leave your thoughts in the comments below.