2 sourcesTracking since 6 Jul, 20:08
BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%
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First seen6 Jul, 20:08BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%
BonkDAO, the decentralized autonomous organization overseeing the BONK meme token ecosystem on Solana, confirmed on Monday that it was the victim of a targeted governance attack resulting in the loss of approximately $20 million in BONK tokens. The incident highlights a critical vulnerability in decentralized governance structures, as the attacker did not exploit smart contract […]
Bitcoin.com News•Jamie Redman
Latest7 Jul, 04:23BonkDAO reveals $20M treasury raid after malicious governance attack
BonkDAO has disclosed that attackers have drained roughly $20 million worth of BONK tokens from its treasury after exploiting a malicious governance proposal. According to a statement published by BonkDAO on X, the unauthorized proposal allowed an unknown entity to…
Crypto.news•Lawrence Mondal