Hack Exposes Ether and NFT Transfer, Remilia Founder Alleges
Krishna Okhandiar, the creator of Remilia and Milady, also known as Charlotte Fang, has reported that they were hacked after a significant amount of Ether and NFTs was transferred to a wallet involved in liquidation of assets. Dumpster DAO, an X user, initially brought this incident to light by sharing a screenshot of Okhandiar’s statement claiming to be “drained,” along with a link to an address that received assets from Remilia-related wallets. Remilia is a decentralized autonomous organization (DAO) that oversees the Milady Maker NFT project. According to Fang, the DAO’s revenue was compromised by its experimental finance art project called Bonkler, created in April 2023.
Blockchain records show that the address in question has sold multiple Milady-linked NFTs, including NFTx staked ones, and has transferred $1 million worth of Ether to another address. As of now, the address still holds nearly $1 million in Ether and various other tokens. While the exact method of the alleged hack remains unclear, Peckshield, a blockchain security company, highlighted a previous transaction from the Remilia treasury wallet to the wallet implicated in the draining.
In September 2023, Charlotte Fang disclosed on the X social platform (formerly Twitter) that a developer in the Milady ecosystem had diverted approximately $1 million in generated fees from Remilia Corporation. According to Fang, the attacker gained control of three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out.
Milady, a collection of 10,000 anime profile picture NFTs created by Fang, was launched in 2021. In May 2023, Elon Musk, the CEO of Tesla, publicly endorsed Milady NFTs by posting a meme that used imagery from the collection. This endorsement led to a significant increase in the floor price of Milady NFTs, which soared from 3.8 Ether (ETH) to 7.8 ETH.
Cybersecurity incidents and exploits have become a growing concern in the cryptocurrency industry, particularly for decentralized finance (DeFi) applications. According to a report by Immunefi, a total of $1.8 billion was lost to crypto hacks and scammers in 2023, with 17% of the losses attributed to the North Korean Lazarus Group. In February 2024, hacking accounted for over $65 million (97.54%) of the stolen funds in ten individual incidents.
4 thoughts on “Hack Exposes Ether and NFT Transfer, Remilia Founder Alleges”
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It’s amazing to see the support pouring in for Krishna Okhandiar and the Remilia team! The crypto community is truly united in the face of adversity.
The Milady NFT collection is truly a work of art! It’s unfortunate that hackers targeted such a vibrant and creative project.
This incident raises serious questions about the security of decentralized autonomous organizations like Remilia. 😣 If even they can be hacked, what hope do smaller projects have? This is a major setback for the entire crypto community. 💔
It’s frustrating to see cyber attacks like this constantly happening in the crypto space. The security measures should be more robust to protect creators like Krishna Okhandiar from losing their hard-earned assets.