Charlotte Fang (a.k.a. Charlie), the founder of PFP NFT project Milady Maker, has been exposed as an alleged cultist, racist, and child groomer. In wake of such news, the collection’s price has seen a volatile sequence of fluctuations.
The news broke yesterday, when anonymous Twitter crypto investigator ‘0xngmi’ (who is associated with data aggregator DeFiLlama) posted a thread of their investigation into Charlie. Within the thread, screenshots of Charlie’s old blogs, as well as activity from her suspended ‘Mia’ Twitter account, revealed that she was involved in racism and antisemitism. It was also alleged that she was part of an online suicide cult which urged people to kill themselves in order to achieve a ‘better life’ in the ethereal world. She was also reportedly part of a white supremacist movement, as well as group which ‘groomed’ young girls with eating disorders into harming or killing themselves.
megathread on milady and their founders:
– miya's writings
– Systemspace and suicide of 17yo teen
– Remilia implication
proof of everything will be at the end of the thread
— 0xngmi is grazing (@0xngmi) May 23, 2022
Although initially denying the allegations, Charlie has since confessed to being ‘Miya’, and has resigned from her role as Milady CEO.
Less than a few days ago, Charlie’s Milady Maker NFTs were selling for around $2,000 each (with a total trade volume of over $4.7 million). In wake of the news, its floor price dropped from approximately 0.3 ETH to 0.23 ETH. However, it has since bounced back up to 0.34 ETH, before falling back down to its current 0.25 ETH floor.
As expected, especially in the wake of the recent Zagabond scandal, this case has re-stirred the debate surrounding anonymity within the crypto industry – as critics have often argued that anonymity removes the incentive for accountability and having a clean past. Such controversies are cultivating an increasingly prevalent ethos in the NFT space that calls for project founders to be fully doxxed.