Major Security Breach Hits Milady Maker NFT Collection, Resulting in $1 Million Loss
The Milady Maker NFT collection, famous for its anime profile picture NFTs, has been shaken by a significant security breach. A dishonest developer managed to steal approximately $1 million in generated fees from Remilia Corporation, the decentralized autonomous organization (DAO) behind Milady Maker NFTs.
Charlotte Fang, co-founder of the Milady Maker NFT collection, took to social media platform X on September 11th to disclose the unsettling news. She revealed that a developer within the Milady ecosystem had executed a clever maneuver that put Remilia Corporation’s revenue at risk.
As a result of this exploit, the Milady Maker DAO suffered a financial setback, predominantly affecting the revenue generated from the experimental finance art project known as Bonkler, which was created in April 2023. However, Fang reassured the community by stating:
“Despite this setback, we remain committed to our mission and will continue to work towards the success of the Milady Maker NFT collection.”
Attempted Takeover of Social Media Accounts
In addition to diverting fees, the malicious attacker also targeted Remilia’s social media presence. They successfully took control of three X accounts, including Miladymaker and Remilionaire, while locking out Remiliacorp. Fang issued a warning, urging everyone to consider those three accounts compromised until further notice. She also provided new official accounts, including RemiliaCorp333, MiladyMaker333, and RemilioBaby.
Legal Action in the Works
In response to the exploit, Fang stated that Remilia had promptly identified the individuals responsible and expressed a strong determination to pursue legal action against them.
The Milady NFT collection, launched in 2021, consists of 10,000 anime profile picture NFTs, each meticulously designed by Charlotte Fang. Notably, in May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs, incorporating imagery from the collection into a meme. This endorsement sparked a rapid surge in the floor price of a Milady NFT, soaring from 3.8 Ether (ETH) to 7.8 ETH.
Current Market Impact
According to the latest data from OpenSea, the floor price of a Milady NFT has experienced a 15% decline in the past 24 hours, currently standing at 2.86 ETH.