The Milady Maker NFT project, operating on the Ethereum blockchain, has recently fallen prey to a significant exploit involving platform fees and social media accounts. Charlotte Fang, co-founder of the Milady Maker NFT collection, disclosed this incident on social media, announcing that a developer within the Milady ecosystem had managed to divert approximately $1 million in generated fees from Remilia Corporation.
Remilia Corporation serves as the decentralized autonomous organization (DAO) responsible for the Milady Maker NFT project. The DAO experienced a compromise in its revenue due to actions by Bonkler, an experimental finance art project created in April 2023, as per Fang’s announcement.
Fang clarified that while the Bonkler reserves, main contract, and NFTs remained secure, only Remilia’s revenue derived from Bonkler was impacted. She stressed that Remilia’s reserves remained unaffected, and user assets were completely secure.
In addition to the fee reserves, the attacker also seized control of code bases and collaborated with other team members in an effort to gain control over Remilia’s social media accounts. The attacker successfully took over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked out. Fang advised considering these three accounts as compromised until further notice. She provided new official accounts, including RemiliaCorp333, MiladyMaker333, and RemilioBaby. Fang revealed that Remilia had quickly identified the individuals involved in the exploit and expressed a commitment to pursuing legal action. She stated, “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.”
The Milady project, featuring 10,000 anime profile picture NFTs designed by Fang, was launched in 2021. In May 2023, these NFTs gained public endorsement from Tesla CEO Elon Musk, who shared a meme incorporating imagery from the Milady NFT collection. This endorsement triggered a rapid increase in the floor price of Milady NFTs, which soared from 3.8 Ether.
As of the current writing, the floor price of a Milady NFT stands at 2.86 ETH, reflecting a decrease of approximately 15% over the past 24 hours, according to data from OpenSea.