Krishna Okhandiar, also known as Charlotte Fang, founder of Remilia and Milady, claims to have been hacked after significant amounts of Ether (ETH) and NFTs were transferred to a wallet involved in asset liquidation.
Incident Overview
Blockchain records reveal that the address associated with Remilia sold numerous NFTs linked to Milady, including NFTx staked ones, and transferred $1 million worth of Ether to another address.
Initial Discovery
Dumpster DAO on X initially highlighted the incident, sharing a screenshot of Okhandiar's statement, "I got drained," along with a link to the address that received assets from Remilia-associated wallets.
Remilia's Background
Remilia, the decentralized autonomous organization (DAO) behind the Milady Maker NFT collection, has been the target of this alleged hack.
Hack Details
While the exact method of the hack remains unclear, blockchain security firm PeckShield pointed out a prior transaction from the Remilia treasury wallet to the wallet implicated in the draining.
Previous Incidents
In September 2023, Fang announced on X that a developer in the Milady ecosystem diverted about $1 million in generated fees from Remilia Corporation, indicating previous security concerns.
Impact on Milady
Launched in 2021, Milady is a collection of 10,000 anime profile picture NFTs. In May 2023, Tesla CEO Elon Musk endorsed Milady NFTs publicly, leading to a surge in the floor price of a Milady NFT.
Growing Concerns
Hacks and exploits are increasingly becoming concerns in the crypto industry, particularly in decentralized finance (DeFi) applications. In 2023, a total of $1.8 billion was lost to crypto hacks and scams, with significant amounts attributed to hacking incidents.
FAQs:
What is Remilia?
Remilia is a decentralized autonomous organization (DAO) behind the Milady Maker NFT collection.
2. Who is Krishna Okhandiar?
3. What happened during the alleged hack?
4. What is the impact of the hack on the Milady NFT collection?
5. What measures are being taken to address the situation?
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