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governancealert
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$BONK DAO LOST $20M THROUGH GOVERNANCE MANIPULATION 🎯
You don't always need a smart contract exploit to drain a DAO. A single attacker bought ~$4M of $BONK , created a fake proposal to send 4.4 trillion tokens to their own wallet, and waited 7 days for it to go unnoticed. Then they used their voting power to approve it and sold the bag for $20M.
No hack, no code bug — just a governance gap that cost the DAO $16M in net profit to the attacker. The proposal sat unexamined for an entire week. This is the kind of risk that doesn't show up on a chart.
How much voting power do you think it takes to pull off something like this in your favorite DAO?
Not financial advice. Always manage your risk.
#BONK #GovernanceAlert #DAOSecurity #CryptoRisk
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You don't always need a smart contract exploit to drain a DAO. A single attacker bought ~$4M of $BONK , created a fake proposal to send 4.4 trillion tokens to their own wallet, and waited 7 days for it to go unnoticed. Then they used their voting power to approve it and sold the bag for $20M.
No hack, no code bug — just a governance gap that cost the DAO $16M in net profit to the attacker. The proposal sat unexamined for an entire week. This is the kind of risk that doesn't show up on a chart.
How much voting power do you think it takes to pull off something like this in your favorite DAO?
Not financial advice. Always manage your risk.
#BONK #GovernanceAlert #DAOSecurity #CryptoRisk
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