Remilia founder Charlotte Fang claims he was hacked as treasury is drained of millions

Quick Take

  • Charlotte Fang, a.k.a. Krishna Okhandiar, the head of the Remilia Corporation behind the popular Milady NFT collection, is reportedly claiming to have been hacked after millions of dollars worth of ether and NFTs were transferred to a new wallet. 
  • The wallet appears to be selling the NFTs and swapping tokens in order to accumulate ETH. 

Krishna Okhandiar, the Remilia and Milady founder best known by his pseudonym Charlotte Fang, is reportedly claiming to be hacked after large quantities of ether and NFTs were transferred to a wallet which appears to be liquidating the assets. 

The event was first flagged by X user Dumpster DAO, who posted an alleged screenshot of Okhandiar claiming he "got drained," and linking to an address that has received assets from Remilia-linked wallets. That address has liquidated several Milady-related NFTs, including NFTx staked NFTs, and has sent $1 million in ether to a secondary address, blockchain data shows. The address still holds nearly $1 million in ether and several other tokens as of this article's publication. 

While the mechanism of the alleged hack remains unknown, blockchain security firm Peckshield identified an earlier transfer of the Remilia treasury wallet to the draining wallet in a post on X.  

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This is far from the first time drama has struck Okhandiar and the Milady community. Okhandiar, whose controversial past online activity was unearthed in 2022, sending the Milady price crashing, has been both plaintiff and defendant in lawsuits disputing the rightful ownership of the project's assets. 

This is a developing story.


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About Author

Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].

Editor

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