Blockchain data shows that the aforementioned address has moved $1 million worth of Ether to another account and sold multiple NFTs connected to Milady, including NFTx staked ones. According to reports, the founder of Remilia and Milady, Krishna Okhandiar, better known as Charlotte Fang, is alleging that he was the victim of a hack after large quantities of Ether (ETH) and nonfungible tokens (NFTs) were sent to a wallet that was involved in asset liquidation.
Dumpster DAO first brought attention to the event on X. They posted a screenshot of Okhandiar declaring, “I got drained,” along with a link to an address that had funds transferred from wallets connected to Remilia.
The decentralised autonomous organisation (DAO) responsible for the Milady Maker NFT collection is called Remilia.
Blockchain data shows that the address has sold a large number of NFTs, including NFTx staked ones, connected to Milady. At the time of publication, it had moved $1 million worth of Ether to a different address and still had almost $1 million worth of Ether along with other coins.
Blockchain security firm PeckShield identified a previous transaction from the Remilia treasury wallet to the wallet linked to the draining, as explained in a post on X, even if the specifics of the alleged hack remain unclear.
Fang announced on the social media platform X in September 2023 that a developer within the Milady ecosystem had successfully syphoned off nearly $1 million in generated fees from Remilia Corporation. Fang claimed that while Remiliacorp was locked out, the attacker had taken control of three X accounts, including Miladymaker and Remilionaire.
Milady, an assortment of 10,000 anime profile photo NFTs created by Fang, was introduced in 2021. Elon Musk, the CEO of Tesla, publicly supported Milady NFTs in May 2023 by posting a meme that used images from the Milady NFT collection. A Milady NFT’s floor price quickly increased as a result of the move, rising from 3.8 ETH to 7.8 ETH.
The cryptocurrency sector is becoming increasingly concerned about hacks and exploits, particularly with regard to decentralised finance applications. In 2023, the North Korean Lazarus Group was responsible for 17% of the $1.8 billion lost to cryptocurrency hacking and scammers, according to a report released by Immunefi on December 28. In February 2024, almost $65 million (97.54%) of the monies that were stolen were the result of hacking in a single occurrence.