$BONK DAO treasury hit with a malicious governance attack worth $20 million 🔥
Text:
BonkDAO’s treasury was exploited through a malicious governance proposal, and approximately 20 million BONK tokens were drained. The attacker funded the proposal with a CEX (exchange) wallet, and BonkDAO is now working with exchanges, cross-chain bridges, and the Solana Foundation to track and recover the funds.
The market reacted quickly—BONK is down 8.7% over the last 24 hours. Since law enforcement has already been involved and recovery efforts are ongoing, until more information emerges, the price movement is likely to remain unstable.
Do you buy this drop, or stay on the sidelines until more clarity comes?
Not financial advice. Always manage your risk.
#BONK #DAOAttack #CryptoNews
#SecurityBreach