Milady Developer Behind $1 Million Theft
Charlotte Fang, the founder of the NFT platform Milady, publicly announced that one of the developers, previously involved in the "Bonkler" project, embezzled approximately one million dollars designated for Remilia - a key component of the Milady ecosystem. This developer not only transferred the funds to his own account but also gained access to the project's codebase and took over the official Milady Twitter account, plunging the project into chaos.
How It All Began?
The developer, once associated with the "Bonkler" project, committed an unethical act by embezzling $1 million from fees that were intended for Remilia, a fundamental part of Milady.
Protective Measures and Next Steps
Charlotte Fang reassured that the incident did not involve the loss of Bonkler's reserves, the main contract, or associated NFTs. However, Remilia's revenues from Bonkler were affected, leading Milady to temporarily halt Bonkler's operations and subsequently plan a significant upgrade. This upgrade aims to include financial backing from Bonkler and new treasury strategies.
Further Transgressions of the Developer
The developer's actions weren't limited to financial embezzlement. He also attempted to control Milady's social media accounts with the assistance of two other team members. These individuals were driven by a desire for a larger share of the treasury and NFT reserves. Yet, their decisions turned out to be a grave miscalculation.
Milady's Team Response
The Milady team quickly identified the culprits and announced legal actions against them. Charlotte Fang emphasized her determination to recover all lost assets and ensure that those who endangered the Remilia project for personal gain face severe consequences.
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