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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.
