$BONK Treasury Drained in Major Governance Exploit
BONK is back in the spotlight after BonkDAO was reportedly exploited through a malicious governance proposal, allowing an attacker to drain approximately $20 million worth of $BONK from the DAO treasury.
The stolen funds have already started moving across multiple wallets, raising concerns within the community.
While the full impact is still unfolding, incidents like this can shake investor confidence and put short-term pressure on the market.
After opening a ZEC short position 9 days ago, the Garrett Jin whale added to the position again just 1 hour ago.
What's interesting is that the whale is now holding a $15.08M $ZEC short with an average entry of $444, but the position is currently sitting on a floating loss of over $530K.