Incident Overview
Crypto Breach: Millions in Ether and NFTs Compromised, Milady Founder Responds.
Charlotte Fang, founder of Milady and Remilia, confirmed a security breach resulting in millions of dollars' worth of Ether and NFTs being moved to a wallet involved in asset liquidation. Dumpster DAO first noticed the unusual transaction, prompting Fang's acknowledgment of a breach involving the Remilia treasury. The breach, attributed to unknown malware infiltrating Fang's password manager, affected connected wallets, including the multisig wallet for Remilia's funds.
Assets were sold for around 850 ETH, nearly $3 million. Despite this, Fang assured that NFT ownership and the operating treasury were secure. The organization has no immediate plans to sell NFTs, minimizing impact on budgeted operations.
The crypto community, skeptical of Fang's claims, prompted investigation by Web 3 security experts like Peckshield. This incident follows controversy in September, where Fang disclosed a misappropriation of $1 million from the treasury and faced accusations of misusing $1.7 million, leading to a lawsuit and removal due to alleged dissemination of extremist content. Milady, featuring anime-style women NFTs, has garnered attention despite these challenges.
Exploiter:
https://etherscan.io/address/0x778Be423…252cE9
Treasury:
https://etherscan.io/address/0xcf3e932f…05b9b4
Incident Report
Protocol Information
What the Attacker Needed to Succeed
Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.
What Auditors Should Check
If you're auditing a protocol with similar architecture to Remilia, these are the critical security checks that could have prevented this incident (March 2024).
- Verify all logic paths related to Access Control are guarded by proper access controls and input validation - see the Access Control Attacks attack class for patterns
- Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs
Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.
Free TrialRelated Attack Classes
The technique used in this hack maps to these vulnerability classes in our security curriculum:
Sources & References
Learn to Prevent the Next Remilia
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