The Ethereum blockchain-based nonfungible token (NFT) project Milady Maker has fallen victim to an exploit involving the platform’s fees and social media accounts. The individuals involved in the exploit have been identified, and legal action will start soon.
Charlotte Fang, co-founder of the Milady Maker NFT collection, announced on X (formerly Twitter) on September 11 that a developer in the Milady ecosystem has diverted approximately $1 million in fees from Remilia Corporation.
Behind Milady Maker NFT is the decentralized autonomous organization (DAO) Remilia. According to an announcement by Fang, the DAO’s revenue was compromised by Bonkler, its experimental finance art project created in April 2023.
“The Bonkler reserves, main contract, and NFTs are safe; only Remilia’s revenue from Bonkler was compromised,” Fang remarked. The designer emphasized that Remilia’s reserves are “unaffected” and user assets are “absolutely secure.”
The attacker has also commandeered codebases and coordinated with other team members to seize control of Remilia’s social media.
According to Fang, the attacker has successfully seized control of three X accounts, including Miladymaker and Remilionaire, while Remiliacorp has been closed.
Fang stated, “Treat these three accounts as compromised until further notice,” and provided three new official accounts: RemiliaCorp333, MiladyMaker333, and RemilioBaby.
Fang added that Remilia “easily identified” the individuals responsible for the exploit and vowed to pursue them to the full extent of the law. “We expect all of our property to be returned,” she added.
“For such viciousness, I can give no quarter — the individuals involved have been terminated from Remilia Corporation, and will now be dealt with through the heavy hand of the law.”
Milady is a collection of 10,000 anime profile image NFTs designed by Fang and released in 2021. In May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs by posting a meme featuring Milady NFT collection imagery. The action caused the floor price of a Milady NFT to rapidly increase from 3.8 Ether (ETH) to 7.8 Ether (ETH).
OpenSea data indicates that the floor price of a Milady NFT is 2.86 ETH at the time of writing, a decrease of approximately 15% over the previous 24 hours.
