The hacker responsible for the $4.3 million Remilia exploit in March siphoned the stolen crypto assets via the crypto mixer Tornado Cash.
On June 17, blockchain analysis company CertiK reported that 1,209.5 Ether (ETH), 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 nonfungible token (NFT) collection.
Hacker sells NFTs linked to Milady
The crypto assets were deposited into 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.
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Milady memecoin presale
Two days after the hack, a memecoin paying homage to Milady NFTs successfully conducted a memecoin 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), worth $18.7 million, just two hours after the announcement.
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.
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