The Milady Maker NFT collection, renowned for its captivating anime profile picture NFTs, finds itself embroiled in a significant security breach that has shaken its community.
An unscrupulous developer, employing a cunning maneuver, has managed to siphon off approximately $1 million in generated fees from Remilia Corporation, the decentralized autonomous organization (DAO) responsible for the Milady Maker NFTs.
The unsettling revelation came to light when Charlotte Fang, co-founder of the Milady Maker NFT collection, took to the social media platform X on September 11. Fang disclosed the distressing news, shedding light on how a developer within the Milady ecosystem executed a devious exploit, putting Remilia Corporation’s revenue at risk.
The fallout from this breach has inflicted financial damage upon the Milady Maker DAO, significantly impacting revenue streams generated through the experimental finance art project, Bonkler, which was conceived in April 2023.
Attempted Takeover of Social Media Accounts
In a further escalation of the incident, the malicious attacker targeted Remilia’s social media presence. They successfully wrested control of three X accounts, including Miladymaker and Remilionaire, while locking out Remiliacorp.
Fang issued a caution, urging stakeholders to “Treat those three accounts as compromised until further notice” and introduced new official accounts, including RemiliaCorp333, MiladyMaker333, and RemilioBaby.
Legal Action on the Horizon
In response to this nefarious exploit, Fang affirmed that Remilia had swiftly identified the individuals behind the attack and expressed a resolute determination to initiate legal action against them.
Launched in 2021, the Milady NFT collection comprises 10,000 anime profile picture NFTs, each meticulously crafted by Charlotte Fang herself.
It’s worth noting that in May 2023, Tesla CEO Elon Musk publicly endorsed Milady NFTs by incorporating imagery from the collection into a meme. This endorsement catalyzed a rapid surge in the floor price of a Milady NFT, propelling it from 3.8 Ether (ETH) to 7.8 ETH.
Current Market Impact
As per the latest data from OpenSea, the floor price of a Milady NFT has witnessed a 15% decline over the past 24 hours, now standing at 2.86 ETH. The incident has understandably caused ripples within the Milady NFT community, casting a shadow over the once-vibrant marketplace. The aftermath of this breach remains a topic of concern as legal actions progress.
