Top Posts Tagged with #governance attack

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…

➤ BonkDAO reported a $20 million treasury raid due to a malicious governance proposal exploit on the Solana blockchain. ➤ The DAO is cooperating with law enforcement to recover funds and identify perpetrators, while the BONK token price has seen a decline. ➤ This incident highlights ongoing security risks in DeFi and the memecoin market, with similar recent breaches affecting other platforms.

#bonkdao #treasury raid #governance attack #bonk tokens #solana #defi security #memecoin #law enforcement #stolen funds #smart contract exploit

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Helius co-founder flags governance attack, urges protocols to tighten quorum settings immediately

➤ Helius CEO Mert Mumtaz has issued an urgent warning about a governance attack targeting crypto protocols, specifically highlighting the risk to DAOs with low voter participation. ➤ He urges protocols to immediately tighten quorum settings and enable notifications, and has called on Circle to coordinate vigilance due to USDC's integration across DeFi. ➤ The warning underscores the persistent vulnerability of decentralized governance to manipulation through strategies like flash loans and exploiting periods of low engagement.

#governance attack #helius #mert mumtaz #quorum settings #circle #usdc #dao #voter apathy #flash loans #solana

Polymarket Targeted by Governance Attack: 'BornTooLate.Eth' Exploits UMA Oracle

Polymarket, a popular prediction market platform, has been hit by a governance attack orchestrated through UMA, its decentralized oracle service. An Ethereum wallet identified as ‘BornTooLate.Eth’ amassed a significant stake in UMA tokens, becoming a top-5 holder and wielding undue influence over the resolution of a Ukraine-related contract. This manipulation highlights the challenges of…

#0 düşüş koruması #Governance Attack #Polymarket #prediction markets