Remilia Corporation CEO Charlotte Fang disclosed in a tweet that a Bonkler NFT collection developer redirected around $1 million in fees intended for the platform. Fang stated, ‘A developer who worked on Bonkler took steps that allowed him to divert ~$1MM USD in Remilia’s generated fees.‘

Despite the incident, the executive assured that the Bonkler reserves, main contract, and NFTs remained secure.

In a tweet, the Remilia Corporation CEO emphasized they paused Bonkler’s daily mint after the revenue compromise. Fang stated,

“All Remilia NFTs, metadata and domains remain secure. This does not affect the sanctity of existing Bonklers.”

Bonkler plans to relaunch daily NFT minting alongside the upcoming v2 upgrade. The upgrade will also introduce Bonkler-collateralized loans and treasury deployment.

Meanwhile, the tweet indicates that Remilia’s NFTs, metadata, and domains remain safe.

As per Fang, the situation escalated as the developer seized codebases and coordinated with two other team members to take control of Remilia’s social media accounts.

Subsequently, they demanded a significant portion of Remilia’s treasury, including the NFT reserves. Fang noted,

“However, some serious miscalculations were made—we easily identified the individuals involved and will pursue them to the fullest extent of the law. We expect all our property to be returned.”

Remilia is seeking legal action against the three individuals for the incident. Fang asserted,

“Needless to say those who threatened the blessed kingdom of Remilia for mere financial gain will face a dramatic and just retribution without sympathy.”

Remilia Corporation filed the lawsuit in the United States District Court of Nevada. It involves plaintiff Krishna Okhandiar and Remilia Corporation LLC versus defendants John Duff III, Henry Smith, and Maxwell Roux.

In January 2021, Krishna Okhandiar founded a digital art and NFT-related business called Remilia. The lawsuit alleges that the defendants misused their control over Remilia’s accounts and assets.

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It notes that they breached fiduciary duties to the company. The document underlines eleven counts of violation, including civil allegations of torts.

These recent developments come after a series of successful launches by the corporation. It includes the April sale of the first Bonkler NFT. The month saw the Remilia-Con 2023 events in Tokyo. Additionally, it introduced the MegaSize Alien Milady Fumo in June, adding to the iconic Milady brand.

The post Milady Maker Parent Remilia Divulges $1M NFT Fee Diversion Scheme by Rogue Developer appeared first on BeInCrypto.

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