{"id":154341,"date":"2023-09-12T17:41:46","date_gmt":"2023-09-12T12:11:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=154341"},"modified":"2023-09-12T17:41:46","modified_gmt":"2023-09-12T12:11:46","slug":"nft-collection-milady-exploited-by-developer-stealing-1m-in-fees-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nft-collection-milady-exploited-by-developer-stealing-1m-in-fees-crypto-news\/","title":{"rendered":"NFT collection Milady exploited by developer stealing $1M in fees – Crypto News"},"content":{"rendered":"
\n

Milady Maker, a nonfungible token (NFT) project on the Ethereum blockchain, has fallen victim to a major exploit involving the platform\u2019s fees and social media accounts.<\/p>\n

Charlotte Fang, co-founder of the Milady Maker NFT collection, took to X (formerly Twitter) on Sept. 11 to announce<\/a> that a developer in the Milady ecosystem has managed to divert about $1 million in generated fees from Remilia Corporation.<\/p>\n

Remilia is a decentralized autonomous organization (DAO) behind Milady Maker NFT. The DAO saw its revenue compromised from Bonkler, its experimental finance art project created in April 2023, according to an announcement by Fang.<\/p>\n

\u201cThe Bonkler reserves, main contract and NFTs are safe; only Remilia\u2019s revenue from Bonkler was compromised,\u201d Fang noted. The creator emphasized that Remilia\u2019s reserves are \u201cunaffected\u201d and user assets are \u201cperfectly safe.\u201d<\/p>\n

In addition to fee reserves, the attacker has also seized codebases and coordinated with other team members in an attempt to seize control of Remilia\u2019s social media.<\/p>\n

According to Fang, the attacker has managed to take over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp has been locked out. \u201cTreat those three accounts as compromised until further notice,\u201d Fang stated, providing new official accounts, including RemiliaCorp333, MiladyMaker333 and RemilioBaby.<\/p>\n

Related: <\/em><\/strong>Hackers behind $41M Stake heist shifts BNB, MATIC in latest move: CertiK<\/em><\/strong><\/a><\/p>\n

Fang added that Remilia \u201ceasily identified\u201d the individuals involved in the exploit and expressed willingness to pursue them to the fullest extent of the law. \u201cWe expect all our property to be returned,\u201d she stated, adding: <\/p>\n

\u201cFor such viciousness, I can give no quarter \u2014 the individuals involved have been terminated from Remilia Corporation, and will now be dealt with through the heavy hand of the law.\u201d<\/p><\/blockquote>\n

Launched in 2021, Milady is a collection of 10,000 anime profile picture NFTs designed by Fang. In May 2023, Milady NFTs were publicly endorsed by Tesla CEO Elon Musk, who posted a meme using imagery from the Milady NFT collection<\/a>. The move triggered a rapid spike in the floor price of a Milady NFT, which subsequently surged from 3.8 Ether (ETH) to 7.8 ETH.<\/p>\n

At the time of writing, the floor price of a Milady NFT is 2.86 ETH, down about 15% over the past 24 hours, according<\/a> to data from OpenSea.<\/p>\n

Magazine: <\/em><\/strong>Hodler\u2019s Digest, Sept. 3-9: Binance\u2019s exec exodus, Nasdaq to trade AI orders and SBF loses bail appeal<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Milady Maker, a nonfungible token (NFT) project on the Ethereum blockchain, has fallen victim to a major exploit involving the platform\u2019s fees and social media accounts. Charlotte Fang, co-founder of the Milady Maker NFT collection, took to X (formerly Twitter) on Sept. 11 to announce that a developer in the Milady ecosystem has managed to […]<\/p>\n","protected":false},"author":2,"featured_media":154342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-154341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154341"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154341\/revisions"}],"predecessor-version":[{"id":154344,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154341\/revisions\/154344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154342"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}