The Remilia CEO known as Charlotte Fang is suing three contractors who allegedly stole NFT revenues and Intellectual property.
Key Takeaways
- Founder of NFT projects Milady Maker and Bonkler reported the theft of $1M in crypto revenues.
- Official social media accounts and intellectual property also reportedly been compromised.
- Remilia is now suing three individuals in relation to the alleged thefts.
The creator of the Milady Maker and Bonkler NFT collections is one of the most divisive figures in Web3. Between provocative performance art, bigoted social media posts, and allegations of involvement with a 4chan death cult, few online personas have courted as much controversy as Charlotte Fang.
In the latest scandal to engulf Remilia, the company Fang founded, Krishna Okhandiar (Fang’s real-world name) has sued two former contractors, alleging they stole $1M in crypto alongside proprietary code from the Bonkler NFT collection.
CEO Claims Remilia NFT Revenues Stolen by Rogue Developers
In an X post on Monday, September 11, Fang reported that “a developer who worked on Bonkler took steps that allowed him to divert ~$1M USD in Remilia’s generated fees.” However, “the Bonkler reserves, main contract and NFTs are safe,” the post continued.
As well as the theft of Bonkler NFT revenues, Fang claimed that Remilia contractors have attempted to seize control of social media accounts and intellectual property (IP) owned by the company.
In response to the alleged crimes, Okhandiar and Remilia have sued three men identified as John Duff III, Henry Smith and Maxwell Roux.
The lawsuit depicts a dramatic battle for control over Remilia Corporation and its NFT empire.
According to the complaint, the defendants attempted to use their control of Remilia’s social media accounts and cloud servers to exhort Okhandiar into signing over an 80% stake in the company.
The Limits of On-chain Ownership
Fang’s announcement that he is suing Remilia contractors in a Nevada court stands in contrast to some of his previous comments.
For example, in a 2021 blog post discussing secondary royalties in NFT markets, Fang wrote that “code is law, because code is the transparent and immutable agent of power.”
While the statement is continuous the kind of crypto-libertarian ideas that litter Fang’s personal blog, his recent appeal to the US judicial system represents something of a diversion from the “code-is-law” ethos he espouses.
With Remilia’s IP threatened, it appears as if the company has found the limits of on-chain ownership.
Or rather, Fang has discovered that blockchain-based property systems are only as resilient as their design allows them to be.
Ultimately, blockchain technology enables ownership of NFTs, IP and account access to be inscribed in code, but when passwords and access rights are shared off-chain, only off-chain mechanisms can solve disputes.