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Recent Crypto Drama: Remilia’s Founder Hacked
In a recent turn of events in the crypto world, the founder of Remilia has reportedly been a victim of a hacking incident involving the unauthorized transfer of significant amounts of Ether and non-fungible tokens (NFTs).
Incident Details
The incident came to light when Dumpster DAO shared a screenshot of Krishna Okhandiar, also known as Charlotte Fang, mentioning being drained, along with a link to an address that received assets from Remilia’s associated wallets.
Remilia, a decentralized autonomous organization (DAO) responsible for the Milady Maker NFT collection, has been affected by this security breach.
Hacker’s Actions
Blockchain records indicate that the hacker has sold multiple Milady-linked NFTs, including those staked on NFTx. Additionally, around $1 million worth of Ether has been transferred to another address, currently holding a substantial amount of Ether and various tokens.
Hacking Method Unclear
The exact method of the hack remains unknown. Fang mentioned in a post that the primary damage was related to the Fumo LP and the NFTs held staked in NFTX, while ensuring that NFT contract ownerships remain secure on hardware wallets.
Previous Incidents and Endorsements
In a prior incident in September 2023, a developer within the Milady ecosystem diverted approximately $1 million in fees from Remilia Corporation. The Milady NFT collection, endorsed by Tesla CEO Elon Musk in May 2023, saw a surge in value following Musk’s public support.
Concerns in the Crypto Industry
The rise in crypto hacks and exploits has become a significant concern, especially within decentralized finance (DeFi) applications. Reports show substantial losses due to hacks and scams in the crypto industry, with specific incidents highlighting vulnerabilities in various projects.
Recent Exploits
In February 2024, individual incidents of hacking resulted in significant losses, emphasizing the need for enhanced security measures within the crypto space. Projects like Shido and Serenity Shield faced exploits that led to substantial financial losses.
Ongoing Challenges
With ongoing threats from bad actors targeting Web3 projects, the need for robust security protocols and preventive measures is crucial to safeguard against potential exploits and financial losses.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
