Milady Maker NFT Project on Ethereum Falls Victim to Exploit, Resulting in $1 Million Loss and Compromised Social Media Accounts
Summary:
The Milady Maker NFT project on Ethereum has been exploited, resulting in a loss of about $1 million in fees and compromised social media accounts. The Remilia Corporation, the DAO behind the project, had its revenue affected. The attacker also took control of three X accounts. Despite this, user assets are secure, and legal action is being pursued. The Milady NFT collection gained attention when endorsed by Elon Musk in 2023. The floor price of a Milady NFT has dropped by 15% recently.
The Milady Maker NFT project on the Ethereum blockchain has suffered a significant exploit involving the platform's fees and social media accounts. Co-founder Charlotte Fang revealed that a developer within the Milady ecosystem diverted approximately $1 million in fees from Remilia Corporation. Remilia, the decentralized autonomous organization (DAO) behind Milady Maker NFT, had its revenue compromised from the experimental finance art project Bonkler. Fang clarified that while the Bonkler reserves, main contract, and NFTs remained unaffected, Remilia's revenue was compromised. The attacker also took control of three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out. Fang announced new official accounts and assured users that their assets were safe. Fang also expressed determination to pursue legal action against the individuals involved in the exploit and recover the stolen property. Milady, a collection of anime profile picture NFTs, gained publicity in 2023 when Tesla CEO Elon Musk endorsed the project. The floor price of a Milady NFT experienced a significant surge following Musk's endorsement but has since dropped by about 15% over the past 24 hours.
Published At
9/12/2023 12:01:22 PM
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