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, authorizing the transfer of treasury funds. This incident highlights risks in token-weighted voting systems and the need for stronger safeguards like time-locked proposals and multisig oversight. BonkDAO is investigating, collaborating with exchanges and authorities to trace and recover the stolen funds, but the attacker's identity remains unknown.
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 exc...
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