The founder of Milady announced the hacking of NFT wallets

[Teacher]

Charlotte Fan, founder of the NFT projects Milady and Remilia, confirmed a security breach of Treasury addresses with millions of dollars worth of damage.

Remilia treasury appears to have been drained

Assets from multiple official Remilia wallets have been moved to the address below and are being sold off

0x778Be423ef77A20A4493f846BdbcDDfc30252cE9 pic.twitter.com/AgwmVwWIE4
— Dumpster DAO (@Dumpster_DAO) March 16, 2024

https://twitter.com/i/web/status/1769087991610249436

The incident was initially reported by Dumpster DAO specialists. PeckShield experts noticed that suspicious transactions were preceded by the transfer of ownership rights to the treasury to Dreiner.

Fan stated that there was a hack that affected all connected wallets. The reason she called "unknown malware" that penetrated her password manager. Allegedly, the malware gained access to all the seed phrases, which led to the theft of approximately 850 ETH (~$3 million) from the treasury of Remilia.

In September 2023, the co-founders of the project filed a lawsuit against Fan with charges of embezzling $600,000 and trying to seize control of the enterprise.

Krishna has schemed to seize control of Remilia’s operations, assets and treasury of valuable digital assets. As co-founders, before we had even sent our letter to Krishna, he had misappropriated digital assets worth more than $600,000 from the venture’s treasury, and began…
— Sprite Bonkler (@Milady_Sonoro) September 25, 2023

https://twitter.com/i/web/status/1706412295675359456

 

[Tomcat]

1209.5 ETH (~$4.3 million) stolen from the Remilia DAO treasury was transferred to the Tornado Cash cryptocurrency mixer, CertiK specialists reported.

#CertiKInsight

We have seen a deposit of a total of 1209.5 ETH (~$4.3M) into https://t.co/0lwPdz0OWi that was traced to multiple compromised addresses in the Remilia incident on Mar 16th.

To learn more about the incident and other major private key compromises in March,… pic.twitter.com/ycPgPbPwGf
— CertiK Alert (@CertiKAlert) June 17, 2024

https://twitter.com/i/web/status/1802549585384296858

Experts tracked assets to several addresses associated with the hacking of the organization behind the Milady Maker NFT project.

In March, the incident was initially reported by the Dumpster DAO X account. The founder of Milady and Remilia, Charlotte Fan, called the reason for the theft of funds "unknown malware" that penetrated her password manager. As a result, the attackers gained access to seed phrases and emptied several DAO wallets.

"Unfortunately, the compromise of private keys continues to be the main cause of money loss in the crypto space," CertiK experts commented in a March report.

They stated that in 2024, such incidents have become "commonplace".

Before transferring the assets stolen from Remilia to the mixing service, hackers sold NFT collections of Milady and Remio, accumulating funds on three wallets.