Milady Maker, the popular anime-inspired PFP (profile picture) collection, has recently faced a severe setback as a rogue developer within its ranks embezzled $1 million and took control of its social media accounts. The incident unfolded on September 11, leaving the Milady Maker community shocked and disappointed.
The developer in question was hired to work on the company’s experimental ‘Bonkler’ project but took advantage of their position to siphon funds from the collection. This act of embezzlement has undoubtedly shaken the Milady Maker collection to its core. However, the parent company, Remilla Corporation, assures its users that their reserves, main contract, and NFTs remain unaffected by this rogue act.
In addition to the unauthorized redistribution of funds, the perpetrators also gained control of the Miladymaker, Remilionaire, and Remiliacorp Twitter profiles, adding another layer of concern for users. Remilla has advised caution when engaging with these social media accounts to avoid any potential scams or misinformation.
Charlotte Fang, co-founder of Milady Maker, has assured the community that the individuals responsible for this act have been identified, and legal action will be taken against them in due course. The company is determined to hold the rogue developer accountable for their actions.
This unfortunate incident comes after a year of mixed fortunes for Milady Maker. The collection entered the NFT scene in March 2021 and has evolved over time. However, it gained significant traction in May when it participated in the Blur lending launch and received additional attention after being mentioned in a tweet by Elon Musk.
During its peak, the floor price of Milady Maker NFTs reached a staggering 7.3 ETH. However, following the recent setback, the price has plummeted by approximately 30% and currently stands at 2.3 ETH ($3,600) according to Coingecko.
Despite the challenging circumstances, the Milady Maker community remains resilient and hopeful for a brighter future. The incident serves as a reminder of the importance of conducting thorough background checks on developers and maintaining strong security measures to protect users and their investments.
As the situation unfolds, the Milady Maker collection will undoubtedly aim to rebuild trust and regain its previous momentum. By taking swift legal action against the rogue developer and actively communicating with its community, Milady Maker hopes to restore confidence in its project and create a safer environment for NFT enthusiasts.
In the world of NFTs, where potential scams and malicious activities can occur, it is crucial for users to remain vigilant and stay informed. Investment decisions should be based on personal research and careful consideration of the ongoing developments in the space.