NFT founder Milady was drained of millions of dollars

The hacker is said to have liquidated multiple NFTs linked to Milady and transferred $1 million to another address.

Krishna Okhandiar, aka Charlotte Fang, the person behind the popular Milady NFT collection, was hacked after transferring a significant amount of ETH and NFTs to an asset liquidation wallet.

The incident was posted by the Dumpster DAO account on related to Remilia. Remilia is the decentralized autonomous organization (DAO) of the Milady Maker suite.

According to on-chain lookup, that wallet address liquidated a number of Milady-related NFTs, including staking NFTs, and sent 1 million USD ETH to a secondary wallet. As of the time of writing, this wallet is still holding nearly 1 million USD ETH and some other tokens.

The source of the hack is still unknown. Blockchain security organization Peckshield also pointed to a previous transaction from a Remilia treasury wallet to a hacker wallet.

NFT Milady trading volume has decreased by 80% in the past 24 hours, while the floor price still maintains around the 3.6 ETH mark.

However, this is not the first time Milady encountered an incident. In September 2023, Fang announced that a programmer had emerged from Remilia Corporation. Also according to Fang, Milady embezzled $1 million in fees created by the attacker who took control of 3 X accounts, including Miladymaker, Remilionaire and Remiliacorp.

Launching in 2021, Milady Maker is a 10,000 NFT collection featuring a Japanese-style female chibi character designed by Fang. By May 2023, Milady was loved by boss X (Twitter) Elon Musk on social networks. Musk's "effect" has caused a sudden increase in the Milady NFT floor price, from 3.8 ETH to 7.8 ETH each.

Attacks are always a burning problem in the cryptocurrency industry, especially in the decentralized space. In 2023 alone, hacks and scams will have consequences of up to 1.95 billion USD, according to Immunefi statistics.

Previously, Milady was turned away by the community because of controversies about the founder.

The information that has been buzzing in the NFT investment community on Ethereum in recent days is that founder Charlotte Fang of the NFT Milady project admitted to having a "dark past", having joined a pro-suicide group on 4chan, the group supports white supremacism and anorexia nervosa.

Late last week, many Twitter accounts spread information that the team behind Milady actually has a person named "Miya", an extremely "notorious" character on the social network 4chan, who is a key member. of groups that advocate extremism and toxicity.

megathread on milady and their founders:

– miya's writings

– Grooming

– Gaslighting

– Systemspace and suicide of 17yo teen

– Remilia implicate

proof of everything will be at the end of the thread

— 0xngmi is grazing (@0xngmi) May 23, 2022

Time for another reminder that the miłady maker/remiłia team is a neo-nazi grooming cult that has been exploiting and coaxing underage girls into self harm + worse for years under the name #kaliacc – Kali Yuga Accelerationism

The Twitter community later "uncovered" more evidence linking Miya to Milady's founder, a person with the alias Charlotte Fang. In the face of "public opinion", Charlotte Fang admitted everything on May 21.

“Okay, I'll reveal all: I used to be Miya. And it is that dark past that is harming the Milady community and what we are building. I apologize for trying to cover up what I did – Miya has no connection to Milady Maker and should stay away from it, so I hereby resign from the project.”

However, that is still not enough to make the investment community "boycott" Milady. From a peak of 1.59 ETH on May 20, the NFT Milady floor price is currently only 0.31 ETH, down nearly 80% in less than 7 days.

Milady is an avatar NFT collection, consisting of 10,000 individually drawn NFTs. This NFT emerged in February-March 2022 and was "promoted" by many famous Twitter accounts in the crypto community.

This is the second famous NFT project to get into trouble with its founder just this May. Previously, as reported by Coin68, the founder of NFT Azuki collection Vagabond suddenly revealed that he had built 3 other NFT projects, all of which failed because of "copying ideas" or being neglected by this person. in the middle. Song. Vagabond proudly declares that these are "lessons" to successfully develop Azuki to this day. Vagabond's revelation has received enough "criticism" from the community.

However, there are also some theories that NFT projects are "borrowing the wind" of the cryptocurrency market going down, spreading FUD to make NFT prices fall and thereby "fishing for the bottom" of NFTs to recover. service for future plans and "inflate" the price again.

Martin Skhreli, “the most hated man in America”, recently revealed that he holds NFT Milady and was exposed to the crypto industry while in prison.