Krishna Okhandiar, also known as Charlotte Fang, founder of Remilia and Milady, reportedly claims to have been hacked following the transfer of substantial amounts of ETH and NFTs to a wallet engaged in asset liquidation.
The incident was initially brought to light by Dumpster DAO on X, who shared a screenshot of Okhandiar stating, “I got drained,” along with a link to an address that received assets from wallets connected to Remilia.
Remilia treasury appears to have been drained
Assets from multiple official Remilia wallets have been moved to the address below and are being sold off
0x778Be423ef77A20A4493f846BdbcDDfc30252cE9 pic.twitter.com/AgwmVwWIE4
— Dumpster DAO (@Dumpster_DAO) March 16, 2024
Remilia, the decentralized autonomous organization (DAO) behind the Milady Maker NFT collection, has been affected by the incident. Blockchain records at Etherscan show that the address in question has sold numerous Milady-linked NFTs, including NFTx staked ones. It has transferred $1 million worth of ETH to another address and currently holds nearly $1 million in ETH and various other tokens.
Although the exact method of the alleged hack remains unclear, blockchain security company PeckShield highlighted a prior transaction from the Remilia treasury wallet to the wallet implicated in the draining.
It seems there is an earlier ownership transfer of Remilia treasury to the drainer: https://t.co/uwvBCWXJIy https://t.co/kQz7DEWDqA pic.twitter.com/XuYFMct3Dn
— PeckShield Inc. (@peckshield) March 16, 2024
In September 2023, Fang announced on X that a developer in the Milady ecosystem diverted around $1 million in generated fees from Remilia Corporation. The attacker had reportedly taken over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out.
Launched in 2021, Milady is a collection of 10,000 anime profile picture NFTs designed by Fang. In May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs by posting a meme using imagery from the collection, resulting in a rapid increase in the floor price of a Milady NFT.
Hacks and exploits have become a growing concern in the crypto industry, particularly for decentralized finance applications. In 2023, a total of $1.8 billion was lost to crypto hacks and scams, with 17% attributed to the North Korean Lazarus Group. Individual incidents in February 2024 accounted for over $65 million (97.54%) of the stolen funds.
