Security Breach Threatens Remilia's Revenue

posted  12 Sept 2023
Photo - Security Breach Threatens Remilia's Revenue
A team member, involved with the experimental Bonkler collection, misappropriated $1 million from the company's commission proceeds. However, the collection's primary assets, including the main contract and NFTs, remained unaffected.

Bonkler’s daily minting process is currently suspended but will be reinstated after transitioning to its V2, which will feature lending and treasury functionalities.

Per Remilia's co-founder, the breach was orchestrated by a developer in collaboration with two other team members. These individuals not only misappropriated the funds but also tried to blackmail the rest of the team by gaining access to certain social platforms.

These employees have since been dismissed, and the company is gearing up to press legal charges against them.