Krishna Okhandiar, the creator of Remilia and Milady, also known as Charlotte Fang, is reportedly claiming to have experienced a hacking incident. This occurred after a significant amount of Ether (ETH) and nonfungible tokens (NFTs) were transferred to a wallet engaged in asset liquidation.
The incident was first brought to attention by Dumpster DAO on X, who shared a screenshot of Okhandiar stating, “I got drained,” along with a link to an address that received assets from Remilia-associated wallets.
Remilia is the decentralized autonomous organization (DAO) behind the Milady Maker NFT collection.
According to blockchain records, the address in question has sold numerous Milady-linked NFTs, including NFTx staked ones. It has also transferred $1 million worth of Ether to another address and currently holds nearly $1 million in Ether and various other tokens.
While the exact method of the alleged hack is unclear, blockchain security company PeckShield noted a prior transaction from the Remilia treasury wallet to the wallet implicated in the draining.
In September 2023, Fang announced on X that a developer in the Milady ecosystem had managed to divert approximately $1 million in generated fees from Remilia Corporation. The attacker had taken control of three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out.
Milady, launched in 2021, is a collection of 10,000 anime profile picture NFTs designed by Fang. In May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs by posting a meme that used imagery from the collection. This endorsement caused a rapid increase in the floor price of a Milady NFT, which rose from 3.8 ETH to 7.8 ETH.
Hacks and exploits have become a growing concern in the crypto industry, particularly for decentralized finance applications. In 2023, a total of $1.8 billion was lost to crypto hacks and scams, with 17% attributed to the North Korean Lazarus Group, according to a report by Immunefi. In February 2024, hacking accounted for over $65 million (97.54%) of the stolen funds in individual incidents.
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