Bonk — page 2

Crypto News Today (July 7): BTC Heading Toward $70K? $20M BONK Hack, and Ripple Gains Full MiCA Compliance

In crypto news today (July 7), Bitcoin has surged, sitting comfortably above $63,000 and up +0.7% in the past 24 hours. Liquidations have picked up, with over $532M in positions blown up since yesterday, and interestingly, the split is almost 50/50 between longs and shorts. Yesterday saw a second consecutive day of positive ETF flows..

99Bitcoins•Alex Ioannou7 Jul

BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal

CoinDesk•Shaurya Malwa7 Jul

BonkDAO 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 Mondal7 Jul

BonkDAO hacked for $20M in BONK tokens via malicious governance proposal

The hack exposes critical vulnerabilities in DAO governance, highlighting the urgent need for stronger security measures to protect investor assets.

CryptoBriefing•Editorial Team6 Jul

BonkDAO Treasury Drained of $20M via Malicious Proposal

BonkDAO, the decentralized autonomous organization tied to the Solana-based memecoin BONK, said Monday it was the target of a malicious governance proposal that drained an estimated $20 million worth of BONK tokens from its treasury, according to a post on its official X account. The DAO said the…

The Defiant•The Defiant Team6 Jul

BonkDAO 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 Redman6 Jul

BonkDAO loses $20 million following ‘malicious governance proposal’ attack

The funds have been tracked to crypto exchanges, and South Korea-based Upbit said it has suspended BONK deposits and withdrawals.

The Block•Daniel Kuhn6 Jul

BONK DAO Loses $20 Million in Governance Attack, Token Falls 10%

BONK DAO has confirmed that attackers drained an estimated $20 million worth of BONK tokens from its treasury through a malicious governance proposal. The stolen funds have reportedly started moving to exchanges, prompting the project to coordinate with exchanges, the Solana Foundation, and law enforcement in an effort to recover the assets. The BONK meme

BeInCrypto•Lockridge Okoth6 Jul