ChainBleedv0.1 · open intel
← back to feed·BASESOCIAL-ENGINEERING2023-09-11 · 2y ago
Incident · SLOWMIST

Milady

Insider Manipulation
Estimated loss
$1.00M
VERDICT —OUT OF SCOPE
Root cause is social engineering — privileged personnel deceived into authorizing the drain. Contract behaved as written. Defense lives in process controls (multi-party approval, M-of-N signoff windows), not in smart-contract review.
▰ METHOD
SOCIAL ENGINEERING
SOCIAL-ENGINEERING
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

Milady founder Charlotte Fang said that a developer of Milady misappropriated approximately $1 million from the Bonkler treasury of Milady's official project. The developer also seized the code base and asked the team to hand over more funds and NFT reserves. Currently, the Twitter accounts of miladymaker and remilionaire are controlled by this developer. Charlotte Fang said the relevant members have been identified and will be held accountable to the fullest extent of the law. Minting of Bonkler NFTs is temporarily suspended and Bonkler’s community vaults, contracts, and NFTs are safe. Other series of NFTs from Milady parent company Remilia are not affected for the time being. Attack method (per SlowMist): Insider Manipulation. Reported loss: $ 1,000,000.

Primary source
https://twitter.com/charlottefang77/status/1701245168039452947
Sourced from
slowmist
Technical record
chain
base
protocol
Milady
bug_class
social-engineering
date_occurred
2023-09-11
loss_usd
$1,000,000
source_id
sm:milady::2023-09-11
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