Milady Hack Causing Community Confusion With $3 Million In Damages

Key Points:

• Charlotte Fang reports a Milady hack resulting in losses of 850 ETH and staked NFTs valued at $3 million.
• Controversy surrounds Okhandiar and the Milady community, with ongoing legal disputes over project assets.

Charlotte Fang (Krishna Okhandiar), the founder of Milady and Remilia, took to Twitter to announce a distressing incident, revealing that her personal system had fallen victim to a hack.

New Milady Hack Discovered: 850 ETH, NFTs Lost

The Milady hack resulted in significant losses, primarily affecting Fumo LP and staked NFTs within the NFTX platform. It’s estimated that approximately 850 ETH, valued at around $3 million, was liquidated from the compromised wallet.

The suspicious activity came to light through a post by Dumpster DAO, which shared a screenshot of Okhandiar acknowledging the breach and linking it to wallets associated with Remilia. Blockchain analysis revealed that the compromised wallet had conducted transactions worth $1 million in Ether and had liquidated numerous Milady-related NFTs, including those staked in NFTX.

Peckshield, a blockchain security firm, corroborated Okhandiar’s claims by tracing a transfer from the Remilia treasury wallet to the suspected draining wallet. Despite efforts to mitigate the damage, including attempts to retrieve leftover NFTs, the situation remains precarious.

Milady Controversy Deepens Amid Legal Disputes and Cybersecurity Concerns

This Milady hack adds to a series of controversies surrounding Okhandiar and the Milady community. Since 2022, Okhandiar has been embroiled in legal disputes over the ownership of project assets, contributing to fluctuations in Milady’s market value. The exact method of the recent hack remains unclear, leaving stakeholders concerned about the security of their digital assets.