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Charlotte Fang, the creative force behind the Milady nft collection, confirmed a major security breach on Saturday, March 16.
According to Fang, an unknown hacker has illicitly transferred millions of dollars worth of Ether (eth) and non-fungible tokens (nft) from the treasury of Remilia, the decentralized autonomous organization (DAO) responsible for the Milady Maker project.
This security incident first came to light via a post by Dumpster DAO, an been emptied.
In its detailed account, Dumpster DAO highlighted that the mysterious wallet involved in the incident not only sold valuable NFTs, but also managed to withdraw approximately $1 million in eth, moving it to a secondary address.
In response to growing concerns from the crypto community, particularly those who own Milady nft, Fang took to social media to confirm the breach. Fang explained that the attack compromised several wallets and advised the community to be wary of any suspicious communications.
Despite the breach, Fang assured headlines that ownership of nft contracts remains secure and stored in hardware wallets, although the immediate financial impact included several NFTs up for grabs.
Blockchain security experts, including those at Peckshield, have begun analyzing the event, identifying a previous suspicious transfer that may have started this debacle.
This incident is not Milady's first encounter with controversy; In early September 2023, Fang revealed that a developer embezzled $1 million in generated fees, stating that the rogue actor and others involved would face the full wrath of the law.
Tweeting about the alleged embezzlement at the time, Fang said the developer worked on the Bonkler project. They stated that the theft affected the fees generated by nft” target=”_blank” rel=”noreferrer noopener”>remilia by Bonkler.
Additionally, the developer also reportedly hijacked code bases and colluded with others to try to take control of the platform's social media accounts.
They managed to take control of the X, MiladyMaker and Remilioniare accounts, while blocking RemiliaCorp. The creator asked users to treat the accounts as “compromised” and provided new official X identifiers.
