Crown

Milady Meme Coin

Coin

Elon Musk

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One of Shiba Inu's (SHIB) top rivals, Milady Meme Coin (LADYS), has notably suffered a major hijack attempt from some members of its developer team. According to an&nbsp;<a href="https://twitter.com/charlottefang77/status/1701245168039452947" rel="noopener noreferrer nofollow">update shared</a> on the X app by Charlotte Fang, one of the leading developers in the Milady Meme Coin ecosystem, the hijack attempt was orchestrated by a developer who worked on Bonkler and took steps that allowed him to divert approximately $1 million in Remilia's generated fees. 
While the situation caught the team unawares, Fang noted that some miscalculations were made by the attackers, which has led to their identification. Some of the innovative engines in the meme coin ecosystem were compromised, particularly, Remilia's revenue from Bonkler. 
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 Good morning. A developer who worked on Bonkler took steps that allowed him to divert ~$1MM USD in Remilia’s generated fees.The Bonkler reserves, main contract and NFTs are safe; only Remilia’s revenue from Bonkler was compromised.We’ve temporarily paused Bonkler’s daily mint… <a href="https://t.co/1QOQDiXka3" rel="noopener noreferrer nofollow">pic.twitter.com/1QOQDiXka3</a>— ♡ Charlotte Fang 🐉 Crown Prince (@CharlotteFang77) <a href="https://twitter.com/CharlotteFang77/status/1701245168039452947?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2023</a> 
</blockquote> 
As a proactive measure, the team has paused minting on Bonkler temporarily, with a planned V2 upgrade that will help reactivate the protocol once again. Notably, this planned upgrade is designed to reboot the security infrastructure of the protocol as a whole. 
The Milady Meme Coin protocol exists in a&nbsp;<a href="https://u.today/milady-becomes-most-traded-nft-collection-out-there" rel="noopener noreferrer nofollow">world of its own</a> and entered the Web3.0 ecosystem through an&nbsp;<a href="https://u.today/sparkling-new-memecoin-soars-9800-following-elon-musks-tweet" rel="noopener noreferrer nofollow">announcement</a> from Elon Musk that suggests a Dogecoin-like association between the project and the vocal billionaire at that time. This attack can be considered its first major attack since its inception. 
<h2 dir="ltr" id="relative-calm-of-ladys">Relative calm of LADYS</h2> 
Despite the hijack scare, Fang confirmed that all Remilia NFTs, metadata and domains remain secure, adding that the attack does not affect the sanctity of existing Bonklers. This consolation appears to be playing a magic trick as there has been relative peace in the community instead of the usual panic selling that often accompanies such bearish news. 
At the time of writing, LADYS is&nbsp;<a href="https://coinmarketcap.com/currencies/milady-meme-coin/" rel="noopener noreferrer nofollow">changing hands</a> at a price of $0.00000003162, up by 2.42% in the past 24 hours. This shows coordination, which suggests the meme coin world is&nbsp;<a href="https://u.today/milady-ladys-largest-holder-may-soon-sell-off-heres-reason" rel="noopener noreferrer nofollow">transcending</a> its usual erratic volatility.

Milady Meme Coin (LADYS) Under Siege: What's Happening?

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