The hacker responsible for the $4.3 million Remilia exploit in March has siphoned the stolen crypto assets through the crypto mixer Tornado Cash.

On June 17, blockchain analysis company CertiK reported that 1,209.5 Ether (ETH $3,524) worth about $4.3 million was deposited into Tornado Cash. According to CertiK, the assets were traced back to multiple addresses linked to the Remilia hack on March 16.

Remilia is a decentralized autonomous organization (DAO) responsible for the Milady Maker non-fungible token (NFT) collection.

Hacker sells NFTs linked to Milady

The crypto assets were deposited to the mixing platform about three months after the Remilia hack.

On March 16, Remilia and Milady founder Krishna Okhandiar, also known as Charlotte Fang, claimed they were hacked. The report came as significant amounts of ETH and NFTs were transferred to a wallet that liquidated the assets after receiving them.

The incident was highlighted by an account called Dumpster DAO on X, which shared a screenshot of the Remilia founder reporting the hack. The X account also shared the address that received the assets from wallets connected to Remilia.

Blockchain data showed the address sold Milady-linked NFTs, including staked NFTx assets, and transferred $1 million in ETH to another address.

Related: Hundred Finance hacker moves stolen assets a year after $7M exploit

Milady memecoin presale

Two days after the hack, a memecoin paying homage to Milady NFTs successfully conducted a presale on the Solana network. On March 18, the meme token Milady Wif Hat (LADYF), which takes inspiration from the dog-themed memecoin Dog Wif Hat (WIF), attracted 91,486 Solana (SOL $144) just two hours after the announcement, which was worth $18.7 million at the time.

Since the presale was oversubscribed, the team announced it would return all the additional SOL to the senders. Since then, the asset’s price has depreciated, reaching a new all-time low of $0.00001703 on June 14.

On its website, the memecoin creators clarified that they are not associated with Charlotte Fang and the Milady Maker NFTs. “This token is simply paying homage to a NFT collection we all love and recognize,” they wrote. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Three reasons why Chainlink could rally

Three reasons why Chainlink could rally

Chainlink has noted accumulation by large wallet investors for the past two weeks. Nearly $110 million in LINK has been withdrawn from exchanges in this time period. LINK sustained above $13 on Sunday, extending gains by nearly 1%. 

More Chainlink News

Ripple holds on to double-digit gains, highest in top 20 cryptocurrencies

Ripple holds on to double-digit gains, highest in top 20 cryptocurrencies

Ripple rallied over 19% in the past seven days per CoinGecko data. The altcoin broke past resistance at $0.50 on the one-year anniversary of Judge Analisa Torres’ XRP ruling. 

More Ripple News

Bitcoin breaks $60,000 as market anticipates re-election of pro-crypto former President Trump

Bitcoin breaks $60,000 as market anticipates re-election of pro-crypto former President Trump

Bitcoin extended gains post the shooting at the rally of US Presidential candidate Donald Trump. The former President is a pro-crypto candidate, and a report by Fortune shows that Trump’s chances of winning the race increased after the Saturday events.

More Bitcoin News

Ethereum ETF launch could push Ether to new all-time high, on one condition

Ethereum ETF launch could push Ether to new all-time high, on one condition

Ethereum (ETH) traders are watching two key events closely: the anticipated approval of the Spot Ether ETF and the activities of whales, the large wallet investors holding ETH. An analyst has predicted that the odds of Spot Ether ETF is 72.7% this week. 

More Ethereum News

Bitcoin: Investors wonder if BTC troubles are behind

Bitcoin: Investors wonder if BTC troubles are behind

Bitcoin (BTC) stabilized around the $57,000 mark this week, while the German Government persists in transferring Bitcoin to exchanges. Concurrently, US spot Bitcoin ETFs have recorded inflows. On-chain analytics indicate that whales are accumulating BTC during dips, potentially foreshadowing an imminent rally in the days ahead.

 

Read full analysis

BTC

ETH

XRP