Krishna Okhandiar, the founder of Remilia and Milady, claims to have been hacked following the transfer of significant amounts of Ether and nonfungible tokens (NFTs) to a wallet engaged in asset liquidation. The incident, initially reported by Dumpster DAO, has sparked concerns within the crypto community regarding security vulnerabilities and asset protection.
Key Points:
- Hacking Incident: Okhandiar, also known as Charlotte Fang, alleges being hacked after assets from wallets associated with Remilia were transferred to a wallet involved in asset liquidation. Blockchain records show the transfer of NFTs linked to the Milady collection and approximately $1 million worth of Ether to another address.
- Previous Security Concerns: In September 2023, Fang disclosed a prior incident where a developer in the Milady ecosystem diverted about $1 million in generated fees from Remilia Corporation. The attacker gained control over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out.
- Milady NFT Collection: Launched in 2021, Milady comprises 10,000 anime profile picture NFTs designed by Fang. The collection gained significant attention after receiving a public endorsement from Tesla CEO Elon Musk in May 2023, resulting in a surge in the floor price of Milady NFTs.
- Growing Concerns: Hacks and exploits pose a growing concern in the crypto industry, particularly for decentralized finance (DeFi) applications. Reports indicate a significant amount of funds lost to crypto hacks and scams in 2023, highlighting the need for enhanced security measures and vigilance among crypto users and platforms.
The alleged hack involving Remilia and Milady underscores the persistent security challenges faced by cryptocurrency platforms and projects. As the crypto industry continues to evolve, implementing robust security protocols and risk management strategies is crucial to safeguarding digital assets and maintaining trust within the community.