bonkdao

Solana Meme Coin Bonk Treasury Drained of $20

Solana-based meme coin Bonk suffered a major governance exploit. The DAO wallet lost approximately $20 million in BONK tokens through a malicious voting attack. This marks one of the largest treasury drain events in meme coin history.

The attack exploited vulnerabilities in the governance voting mechanism, allowing the attacker to manipulate proposal outcomes. Security researchers indicate the exploit involved a sophisticated flash loan combined with governance token manipulation. Bonk holders voted on proposals without realizing the treasury was being drained in real-time.

This incident highlights critical risks in meme coin governance structures. Many DAO wallets lack multi-sig protections or time-delay mechanisms for large transfers. The exploit occurred during a period of high volatility when security oversight was minimal. Governance attacks remain a growing threat across DeFi protocols.

Community members raise concerns about whether meme coin treasuries need stronger safeguards. Has this attack changed how you view governance tokens? Will meme coins implement stricter voting verification after this? Drop your take below. 👇

#BonkDAO #GovernanceAttack #SolanaSecurity

🚨 $BONK drops 8.7% in 24h — rare setup unfolding

$BONK is down to $0.0000044 and $BLUR is up 38.59% — momentum is shifting.

Trader's read: this dip looks painful but dips in Fear are historically where the best entries come from.
Watch for $0.000004 support in 24-48h — hold here or deeper correction.

Are you buying $BONK on this dip or waiting for a trend reversal?

#Write2Earn #MarketUpdate #BonkDAO

💸 #BonkDAO lost $20 million due to an attack

The attacker spent about $4.4 million to buy $BONK , received enough votes to pass their own proposal, and withdrew from the treasury #DAO about $20 million in tokens.

After the attack, $BONK fell by more than 9%. The team of #BonkDAO is working with exchanges and law enforcement agencies to recover the funds and identify the attacker.

BonkDAO Reports Losing $20 Million Due to a Malicious Governance Proposal

- BonkDAO, the organization behind the BONK memecoin project, has reported a theft of $20 million.
- The incident occurred through a "malicious governance proposal" executed on the platform.
- The project developers have notified law enforcement agencies.
- They are actively working to recover the stolen funds and identify those responsible.
#BonkDAO #BONK #CryptoNews #Hack #Security

$bonk

vlikevn Titanbot

Source: CoinTelegraph

🚨⚠️ Governance Attack: BonkDAO Suffers $20 Million Drain in BONK Tokens 🏛️📉

The vulnerability in decision-making systems has once again raised alarms in the DeFi sector. BonkDAO reported that a malicious governance proposal managed to siphon approximately $20 million in BONK tokens directly from its treasury 💸.

According to reports from NS3.AI, the incident was not caused by a technical failure or exploit in the smart contract, but by direct manipulation of a vote within the autonomous organization ⚖️.

The DAO confirmed that it has already notified law enforcement and that efforts to recover the funds are underway 🔍
$BONK
$SOL
$BTC

#BinanceSquare #BonkDAO #DeFi #CryptoSecurity #MemeCoins 🚀

🚨 $20M stolen from BonkDAO in a shocking heist! 💸

The popular memecoin project has fallen victim to a malicious governance proposal, with thieves making off with a whopping $20M. The BonkDAO team has sprung into action, informing law enforcement and working tirelessly to recover the stolen funds and identify the culprits.

The community is on high alert, with many calling for increased security measures to prevent similar attacks in the future. As the investigation unfolds, one thing is certain - the crypto space will be watching closely to see how this situation is handled 🕵️‍♂️

#CryptoSecurity #BonkDAO #Memecoin #Theft #BlockchainSecurity

$BONK Today it’s on the Guangzhou market hot list; I’ll treat it first as a risk-control event, not a “buy the dip” story.

The heat is real: the governance attack on BonkDAO with $20 million is ranking high among Binance Square Trending Topics; the price action has already reflected it as well—BONK spot is around 0.00000440, down about 10% over 24h, with roughly 11.19 million U in volume. On the futures side, the 1000BONKUSDT perpetual is at about 0.004397, also down around 10%; 24h volume is about 119 million U. Funding rates have flipped negative to around -0.007%, and the price is still below the 1H MA20 of 0.004543.

The news flow isn’t something to downplay. Eight hours ago, BONK’s official account said that BonkDAO was hit by a malicious governance proposal attack. They estimate that $20 million worth of BONK was transferred out of the DAO treasury. They’ve identified the exchange wallets that bought BONK before the proposal, and they’re handling follow-up actions together with the exchanges, cross-chain bridges, the Solana Foundation, and law enforcement.

My view: $BONK isn’t just “it dropped too much—can it bounce?” The market needs to reprice DAO governance risk and the progress of the recovery. If 1000BONKUSDT can surge with volume and reclaim 0.00454–0.00460, then we’ll see whether panic is being absorbed; if it keeps grinding near the 0.00404 lows, or the rebound can’t even retouch MA20, don’t rush to call a bottom—treat it as a trust-repair phase first.

#BONK #BonkDAO #Solana #风险管理 #币安广场

【🚨Can a DAO be “legally looted”? A hacker only spent $4.4 million, walked away with $21.2 million worth of BONK! 😱】

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Another shocking governance attack has happened in the crypto space! ⚠️

On-chain analyst Yu Jin monitored and found that the attacker only spent about $4.4 million to buy BONK tokens, and successfully pushed through a DAO governance proposal—ultimately transferring $21.2 million worth of BONK! 💥$BONK

How did this happen? 👇

🔸 The hacker first submitted a governance proposal, requesting that 4.426 trillion BONK from the DAO treasury be moved to their own controlled wallet.
🔸 To get the proposal approved, they then bought and withdrew large amounts of BONK from exchanges such as Binance and Bybit, successfully gaining enough voting power.
🔸 Once the number of “yes” votes reached the threshold, the proposal executed automatically, and the $21.2 million worth of BONK was directly transferred from the DAO treasury to the hacker’s wallet. 😨

Even more noteworthy is that after pulling off the theft, the hacker has already started moving assets—some BONK has been sent to OKX, while most of the remainder has been transferred to new addresses on another chain.

This incident again highlights a major risk in DAO governance mechanisms. $BTC

If governance tokens are too concentrated, or if the voting threshold is designed unfairly, someone could empty the project treasury directly by using a “buy coins to buy voting power” approach. ⚠️

For investors, besides focusing on a project’s technology and price, it’s also crucial to ensure DAO governance is secure—otherwise, no matter how many assets the treasury has, they could be taken away overnight. $NVDAB

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#币安九周年 #以太坊周涨12.4% #道指首破53000点 #BonkDAO遭治理提案攻击损失2000万美元 #BonkDAO