Ethereum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/remilia-founder-krishna-okhandiar-reports-hack-after-asset-transfer/" data-wpel-link="internal">Remilia Founder Krishna Okhandiar Reports Hack After Asset Transfer</a><br></p>
<p class="p1" style="text-align: justify"><strong>Charlotte Fang</strong>, known as the founder of Remilia and Milady, reported being attacked after a significant amount of <a href="https://coin-turk.com/ethereum-kurucu-ortagi-saniyede-1-000-000-islem-hedefliyor" data-wpel-link="internal">Ethereum</a> and <a href="https://coin-turk.com/gecmiste-sattiginiza-pisman-olabilirsiniz-her-sey-tersine-dondu-nft-dunyasinda-sok-eden-gelisme" data-wpel-link="internal">NFT</a> assets were transferred to a liquidating wallet. The incident was first brought to attention by a user known as Dumpster DAO, who shared a screenshot indicating Okhandiar’s emptied accounts and a link to an address receiving assets from wallets associated with Remilia.</p> 
<h2 class="p1" style="text-align: justify" id="remilia-hacking-incident">Remilia Hacking Incident</h2> 
<p class="p1" style="text-align: justify"><strong>Remilia</strong> is known as the decentralized autonomous organization (DAO) behind the Milady Maker <a href="https://en.coin-turk.com/nft-market-shows-increasing-volume-despite-ongoing-decline/" data-wpel-link="internal">NFT</a> collection. According to an announcement by Fang, in April 2023, the DAO saw its revenue jeopardized by an experimental finance art project called Bonkler.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-329342 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/dumpster.webp" alt="" width="662" height="697"></p> 
<p class="p1" style="text-align: justify">Blockchain data shows that the address in question sold a large number of NFTs connected to Milady, including those staked on NFTx, and transferred <a href="https://en.coin-turk.com/ethereum-analysis-key-levels-and-trends-to-watch/" data-wpel-link="internal">Ethereum</a> worth one million dollars to another address. At the time of writing, this address holds approximately one million dollars in Ethereum and various other crypto assets.</p> 
<p class="p1" style="text-align: justify">Although the exact method of the alleged hack remains unclear, blockchain security firm Peckshield pointed to a previous transaction made to the wallet involved in draining the Remilia treasury wallet, as detailed in a post on platform X.</p> 
<p class="p1" style="text-align: justify">In September 2023, <strong>Charlotte Fang</strong> announced via the X social platform that a developer within the Milady ecosystem had successfully transferred approximately one million dollars from Remilia Corporation. According to Fang, the attacker managed to take over three X accounts, including Miladymaker and Remilionaire, while Remiliacorp was locked.</p> 
<h2 class="p1" style="text-align: justify" id="hack-attacks-and-the-crypto-industry">Hack Attacks and the Crypto Industry</h2> 
<p class="p1" style="text-align: justify">Launched in 2021, <strong>Milady</strong> is a collection of 10,000 anime profile picture NFTs designed by Fang. In May 2023, Milady NFTs were endorsed by Tesla CEO Elon Musk, who posted a meme using images from the Milady NFT collection. This move triggered a rapid increase in the base price of a Milady NFT, which subsequently rose from 3.8 to 7.8 Ethereum.</p> 
<p class="p1" style="text-align: justify">Hack incidents continue to be an increasing source of concern in the crypto industry, particularly for <a href="https://en.coin-turk.com/cypher-announces-recovery-plan-after-1-million-attack/" data-wpel-link="internal">DeFi</a> applications. According to a report published by Immunefi on December 28, the year 2023 saw a total loss of 1.8 billion dollars due to crypto hack incidents, with 17% of it attributed to the North Korean Lazarus Group. In February 2024, more than 65 million dollars in stolen funds (97.54%) were accounted for by hacking in ten separate incidents.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/remilia-founder-krishna-okhandiar-reports-hack-after-asset-transfer/" data-wpel-link="internal">Remilia Founder Krishna Okhandiar Reports Hack After Asset Transfer</a></h5>

Remilia Founder Krishna Okhandiar Reports Hack After Asset Transfer

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