NFTSECURITY

Meme Image Boosted to Over 5 ETH by Elon Musk's Retweet, NFT Project Milady Faces Internal Theft of Millions in Royalties

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Meme Image Boosted to Over 5 ETH by Elon Musk

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Milady Developer Stole Internally

NFT project Milady Maker founder Charlotte Fang tweeted that a developer of Milady's project Bonkler stole approximately $1 million in royalties through a loophole. However, there are no security concerns regarding Bonkler's main contract, domain, metadata, funds reserve, and the NFTs themselves.

The developer also attempted to take social platform permissions to extort the project team, and the team has since reestablished the official Twitter accounts:

Milady has temporarily halted Bonkler's daily minting and plans to restore it after the v2 upgrade.

Charlotte Fang also mentioned that the perpetrator was easily identified, has been dismissed, and will face legal consequences from the team.

Milady Founder Charlotte Fang's Identity Uncertainty

According to CryptoWesearch reports, the Milady development team was previously exposed for having negative elements such as cultism, racial discrimination, and Nazism. One of the founders, Charlotte Fang, has also had her identity continuously uncovered.

Twitter user @WazzCrypto revealed after a hack within Milady that Charlotte Fang's real name is Krishna Okhandiar and found information that she works for a major U.S. big data analytics company, Palantir Technologies, primarily serving governments and financial institutions.

This led @WazzCrypto to suspect that Milady was actually launched as an NFT project to assist the FBI in data mining, as some of Milady's NFT features also carry FBI elements.

However, all of these suspicions are just speculations without more direct evidence.

Milady previously benefited from a boost in May when Tesla founder Elon Musk retweeted an NFT image, causing the floor price to surpass 5 ETH.

However, according to NFTGO data, Milady has now dropped to 2.74 ETH.