NFT collection Milady exploited by developer stealing $1M in fees
Milady Maker, a nonfungible token (NFT) project on the Ethereum blockchain, has fallen victim to a major exploit involving the platform’s fees and social media accounts.
Charlotte Fang, co-founder of the Milady Maker NFT collection, took to X (formerly Twitter) on Sept. 11 to announce that a developer in the Milady ecosystem has managed to divert about $1 million in generated fees from Remilia Corporation.
Remilia is a decentralized autonomous organization (DAO) behind Milady Maker NFT. The DAO saw its revenue compromised from Bonkler, its experimental finance art project created in April 2023, according to an announcement by Fang.
“The Bonkler reserves, main contract and NFTs are safe; only Remilia’s revenue from Bonkler was compromised,” Fang noted. The creator emphasized that Remilia’s reserves are “unaffected” and user assets are “perfectly safe.”
In addition to fee reserves, the attacker has also seized codebases and coordinated with other team members in an attempt to seize control of Remilia’s social media.
According to Fang, the attacker has managed to take over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp has been locked out. “Treat those three accounts as compromised until further notice,” Fang stated, providing new official accounts, including RemiliaCorp333, MiladyMaker333 and RemilioBaby.
Related: Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK
Fang added that Remilia “easily identified” the individuals involved in the exploit and expressed willingness to pursue them to the fullest extent of the law. “We expect all our property to be returned,” she stated, adding:
Launched in 2021, Milady is a collection of 10,000 anime profile picture NFTs designed by
Read more on cointelegraph.com
