The much-hyped Milady NFT project has fallen victim to an exploit in which a developer siphoned off $1 million of fees and absconded.
Developer Absconds With $1M
In early May, Milady NFTs gained significant attention following a tweet from Elon Musk. The project’s trading volume soared, and its community grew. However, recent developments have cast a shadow over the NFT and its investors.
NFT analyst Tyler D has reported a troubling incident within the Milady ecosystem. A developer allegedly absconded with approximately $1 million in fees intended for the project. This rogue developer also targeted and compromised the Twitter accounts of Milady and Remilio Baby, which is a popular NFT collection available on the Milady platform, as well as the Remilia account.
Co-founder’s Response
The co-founder of Remilia Corporation, the entity behind the Milady collection, who goes by the pseudonym Charlotte Fang, addressed the situation by tweeting on X. Fang confirmed that the developer had div
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