Charlotte Fang, creator of the NFT project Milady Maker, has disclosed a $1 million embezzlement by a developer linked to the Bonkler project. 
The creator of the non-fungible token (<a href="https://crypto.news/tag/nft/" data-type="link" data-id="https://crypto.news/tag/nft/" rel="noopener noreferrer nofollow">NFT</a>) project Milady Maker, Charlotte Fang, revealed that a developer embezzled $1 million in generated fees, stating that the rogue actor and other individuals involved will face the full wrath of the law.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 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" target="_blank" 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" target="_blank" rel="noopener noreferrer nofollow">September 11, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
Tweeting about the incident on Sept. 11, Fang said that the developer worked on the Bonkler project. She stated that the theft affected fees generated by Remilia — the decentralized autonomous organization (<a href="https://crypto.news/learn/what-is-a-dao/" data-type="link" data-id="https://crypto.news/learn/what-is-a-dao/" rel="noopener noreferrer nofollow">DAO</a>) responsible for the Milady Maker project — from Bonkler. Fang also assured that Remilia’s reserves and users’ assets were safe from the attack. 
 You might also like: <a href="https://crypto.news/elon-musks-tweet-sends-milady-coins-price-soaring-over-3000/" rel="noopener noreferrer nofollow"> Elon Musk’s tweet sends milady coin’s price soaring over 3000% </a> 
In addition to the theft, the developer also seized codebases and connived with other individuals to attempt to take control of the platform’s social media accounts. They succeeded in taking control of X accounts MiladyMaker and Remilioniare while locking out RemiliaCorp. The creator asked users to treat the accounts as “compromised” and provided new X official handles.&nbsp; 
Fang said the perpetrators have been identified, stating they have also been terminated from Remilia Corporation. She also added that the Remilia team will take legal action against the individuals and demand a full refund of all stolen property.&nbsp; 
<blockquote class="wp-block-quote"> 
 “For such viciousness, I can give no quarter—the individuals involved have been terminated from Remilia Corporation, and will now be dealt with through the heavy hand of the law.” <cite>Milady’s Charlotte Fang on X</cite> 
</blockquote> 
 Read more: <a href="https://crypto.news/nft-theft-decreased-20-in-july-report/" rel="noopener noreferrer nofollow"> NFT theft decreased 20% in July: report </a>

Milady developer steals $1m in fees, takes over X accounts

crypto.news

Other articles published on Sep 13, 2023

Only 16.3% of Short-Term Bitcoin Holders in Profit Amid Recent Volatility

Blockchain Advocate Özcan Köme Reveals Why Switzerland Dominates the Crypto Landscape  (13 Sep)

Mainnet User Acquisition Incentives Vote

Bitcoin (BTC) Price Prediction: BTC Near $25k, Time To Go Long?

How to Swap $CGPT Tokens

Analyst: Cardano (ADA) Has Its Perks But Domini.art ($DOMI) Sets A New Excellence Standard

Join our free newsletter for daily crypto updates!