Krishna Okhandiar, the founder of Remilia and also known as Charlotte Fang, is claiming to have fallen victim to a hacking incident. The incident involved the transfer of a significant amount of Ether (ETH) and nonfungible tokens (NFTs) to a wallet engaged in asset liquidation.
Initially, Dumpster DAO on X brought attention to the incident by sharing 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.
Blockchain records show that 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.
The exact method of the alleged hack remains unclear, but blockchain security company PeckShield highlighted a prior transaction from the Remilia treasury wallet to the wallet implicated in the draining.
In September 2023, Fang announced on the X social platform that a developer in the Milady ecosystem had diverted 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 created by Fang. In May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs by posting a meme featuring imagery from the collection. This endorsement led to a sharp 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. According to a report by Immunefi, a total of $1.8 billion was lost to crypto hacks and scammers in 2023, with 17% attributed to the North Korean Lazarus Group. In individual incidents, hacking accounted for over $65 million (97.54%) of stolen funds in February 2024.
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