Remilia Corporation creative director and artist Sprite Bonkler has announced that Remilia’s co-founders have filed a lawsuit against one of Milady’s founders, Charlotte Fang, and Delaware limited liability companies (LLCs).
Charlotte has been accused of orchestrating a plan to take over Remilia’s functions, resources and a vast collection of important digital assets.
Allegations against Charlotte Fang
The co-founders of Remilia Corporation, the DAO behind the Milady Maker nft, have leveled allegations against one of Milady’s founders, Charlotte Fang. Fang, also known as Krishna Okhandiar, has allegedly planned to gain control of Remilia’s operations, assets and collection of valuable digital assets.
They claim that before filing his formal complaint, Fang had already misappropriated digital assets worth more than $600,000 from the company’s treasury and began exercising unilateral control over operations and assets through several Delaware LLCs. that they had established.
Krishna has planned to take control of Remilia’s operations, assets and treasury of valuable digital assets. As co-founders, even before we sent our letter to Krishna, he had misappropriated digital assets worth over $600,000 from the company’s treasury and started…
— Sprite Bonkler (@Milady_Sonoro) September 25, 2023
Charlotte and her LLCs had previously asked the co-founders not to make their claims public while they prepared a response. However, no response was ever given.
Instead, Charlotte allegedly took further action to take control of the Remilia business by removing the co-founders of the online multi-signature wallet, blocking them from their email accounts, and draining additional digital assets worth 1.7 million dollars from the company’s treasury.
They also reportedly filed a baseless lawsuit in Nevada without jurisdiction and without attaching any documents to support their claim. The co-founders claim that Charlotte started a false smear campaign against them and falsely accused them of stealing Remilia funds.
The purpose of the lawsuit
The goal of this lawsuit is to restart Remilia’s operations and stabilize the market uncertainty caused by Charlotte, which they say has impacted the products they have developed. Remilia’s co-founders are calling on Charlotte to return to Remilia all funds and digital assets they had taken for themselves and their LLCs and to retract her false statements.
Court documents archived on September 22 argue that Remilia Collective was always an unincorporated company or joint venture, not a company wholly owned by Charlotte Fang. The documents also allege that Charlotte misappropriated assets and that Remilia’s lead creator, Sprite, predated the Remilia collective before they began working with Charlotte in September 2021. Fang is also accused of subjecting the other members to various racial insults.
Therefore, the co-founders of Remilia have filed their own lawsuit against Charlotte and her Delaware LLCs to restore their rightful involvement with Remilia. They are also suing Charlotte for breach of fiduciary duty, breach of contract, fraud, defamation, theft and more.
Meanwhile, Milady Maker recently suffered a major exploit related to platform fees and social media accounts. Charlotte revealed that a developer within her ecosystem diverted around $1 million in fees from Remilia Corporation, the DAO behind the Milady Maker nft. The attack only affected Remilia’s revenue from Bonkler, not its reserves or user assets, and the attacker took control of three social media accounts.
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