Krishna Okhandiar, the mastermind behind Remilia and Milady, also known as Charlotte Fang, is claiming to have fallen victim to a hacking incident. This incident involved the transfer of a substantial amount of Ether (ETH) and nonfungible tokens (NFTs) to a wallet engaged in asset liquidation.
The initial report came from Dumpster DAO on X, who shared a screenshot of Okhandiar’s statement, “I got drained,” along with a link to an address that received assets from Remilia-associated wallets.
Remilia is the decentralized autonomous organization (DAO) responsible for the Milady Maker NFT collection.
According to blockchain records, the address in question has sold multiple NFTs linked to Milady, 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 at the time of this article’s publication.
While the exact method of the alleged hack remains unclear, blockchain security company PeckShield highlighted a previous transaction from the Remilia treasury wallet to the wallet implicated in the draining, as detailed in a post on X.
In September 2023, Fang revealed on the X social platform that a developer within the Milady ecosystem had diverted approximately $1 million in generated fees from Remilia Corporation. The attacker had gained 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 significant increase in the floor price of a Milady NFT, which surged from 3.8 ETH to 7.8 ETH.
The crypto industry has been facing growing concerns regarding hacks and exploits, particularly in decentralized finance applications. In 2023, a total of $1.8 billion was lost to crypto hacks and scammers, with 17% attributed to the North Korean Lazarus Group, according to a report by Immunefi. In February 2024 alone, hacking accounted for over $65 million (97.54%) of the stolen funds in individual incidents.
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