BONK DAO suffered a $20 million loss after attackers passed a malicious governance proposal, draining treasury funds. The attacker used $4 million worth of BONK tokens to gain voting power and approve the transfer. Stolen tokens are now moving to exchanges, prompting BONK to collaborate with exchanges, the Solana Foundation, and law enforcement to recover assets. This incident raises concerns about DAO governance security and may lead to reforms to protect treasury funds.
BonkDAO's treasury was drained of about $20 million in BONK tokens after an attacker exploited the DAO's governance system on Solana's Realms platform. The attacker accumulated enough BONK tokens through exchange wallets to pass a malicious proposal,...
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