Charlotte Fang, known as the founder of Remilia and Milady, reported being attacked after a significant amount of Ethereum and NFT assets were transferred to a liquidating wallet. The incident was first brought to attention by a user known as Dumpster DAO, who shared a screenshot indicating Okhandiar’s emptied accounts and a link to an address receiving assets from wallets associated with Remilia.
Remilia Hacking Incident
Remilia is known as the decentralized autonomous organization (DAO) behind the Milady Maker NFT collection. According to an announcement by Fang, in April 2023, the DAO saw its revenue jeopardized by an experimental finance art project called Bonkler.
Blockchain data shows that the address in question sold a large number of NFTs connected to Milady, including those staked on NFTx, and transferred Ethereum worth one million dollars to another address. At the time of writing, this address holds approximately one million dollars in Ethereum and various other crypto assets.
Although the exact method of the alleged hack remains unclear, blockchain security firm Peckshield pointed to a previous transaction made to the wallet involved in draining the Remilia treasury wallet, as detailed in a post on platform X.
In September 2023, Charlotte Fang announced via the X social platform that a developer within the Milady ecosystem had successfully transferred approximately one million dollars from Remilia Corporation. According to Fang, the attacker managed to take over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked.
Hack Attacks and the Crypto Industry
Launched in 2021, Milady is a collection of 10,000 anime profile picture NFTs designed by Fang. In May 2023, Milady NFTs were endorsed by Tesla CEO Elon Musk, who posted a meme using images from the Milady NFT collection. This move triggered a rapid increase in the base price of a Milady NFT, which subsequently rose from 3.8 to 7.8 Ethereum.
Hack incidents continue to be an increasing source of concern in the crypto industry, particularly for DeFi applications. According to a report published by Immunefi on December 28, the year 2023 saw a total loss of 1.8 billion dollars due to crypto hack incidents, with 17% of it attributed to the North Korean Lazarus Group. In February 2024, more than 65 million dollars in stolen funds (97.54%) were accounted for by hacking in ten separate incidents.
