BonkDAO is a decentralized autonomous organization that oversees the BONK token. In a recent incident, attackers exploited a malicious governance proposal to drain approximately $20 million in BONK.
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crypto lost $53M+ due to hacks in 10 days. is DeFi dead? 1. Bonzo Lend (Hedera) — $9.05M. Supra oracle verifier accepted a forged price (zero-signature BLS), borrowed against nothing. 2. BonkDAO — ~$20M. malicious governance proposal drained the treasury. 3. Ostium (Arbitrum) — $18–23.3M. attacke
BonkDAO governance exploit drains 4.4 trillion BONK from treasury as attacker begins selling
'It was literally an apathy attack,' @DrNickA told me about the exploit pattern hitting DAOs from Compound to BonkDAO. No one was watching, so no one stopped it. 👀
'It's just a little bit crazy to throw all this money with no accountability,' @metaproph3t told me about ENS's treasury. @DrNickA sees it differently. They also touched on BonkDAO, VVV and MetaDAO. 🍯 Timestamps: 🏛️ 01:06 Laura frames the DAO reckoning: disbandments, low turnout, and the Venice
Is this the end for Bonk? Bonk is down 93% from ATH - Bonkfun and BonkBot revenue collapsed - Unlocks > buybacks until recently - BonkDAO exploit - Liquidity keeps rotating into newer memecoins - Overall bearish market sentiment So is BONK dying here? It's Solana's one and only OG memecoin that
🚨 Up next at 1 PM ET 🚨 One founder controls half of ENS's votes. An attacker spent $4M to legally steal $20M from BonkDAO. DAOs are dissolving back into companies. I ask @DrNickA of Jito and @metaproph3t of MetaDAO: is onchain governance broken, or growing up? DON'T MISS IT! Tune in 🎧 x.com
RT @bonk_inu: An update on the BonkDAO treasury. As we shared on July 6, a governance proposal moved assets out of the community treasury.…
One guy. $4.4 million in Bonk. A week-long vote nobody read. 🚨 That's how @tayvano_ says a wallet legally walked away with BonkDAO's entire treasury on the new Uneasy Money.
this week in crypto: → Strategy sold 3,588 BTC to fund its dividends → BonkDAO lost $20M to a governance vote nobody read for 7 days → Hyperliquid hired its first ever comms chief → OpenAI shipped models named Sol, Terra, and Luna → Coinbase's chief legal officer left after 6 years → Robinhood laun
A wallet spent $4.4 million buying Bonk tokens, then legally voted itself BonkDAO's entire $20 million treasury a week later. 🚨 On the new Uneasy Money, @kaiynne uses that heist to argue ENS founder Nick Johnson should take back control from the DAO, while @tayvano_ is only half convinced. 🎧 Tim