📰 BONK Price Drops as BonkDAO Loses $20M in Treasury Attack
🗓️ Jul 07 2026 06:55 UTC
TLDR: BONK faces renewed scrutiny after BonkDAO confirmed a malicious governance proposal drained about $20 million from its treasury. The attacker reportedly spent about $4.4 million buying BONK tokens to gain enough voting power for the proposal. The vote passed through the DAO...
➤ BonkDAO's treasury was drained of approximately $20 million through a malicious governance proposal, highlighting risks in token-weighted voting systems.
➤ The attacker acquired enough BONK tokens to influence the vote, bypassing smart contract exploits and utilizing the DAO's own rules.
➤ The incident has led to a drop in BONK's price and sparked broader discussions on DAO governance security, with efforts underway for fund tracing and recovery.
#bonkdao #treasuryattack #governanceproposal #tokenweightedvoting #memecoin #solana #daorisk #fundrecovery #bonkprice
🔗 Read more at: 
RWA Times
BONK Price Drops as BonkDAO Loses $20M in Treasury Attack
TLDR: BONK faces renewed scrutiny after BonkDAO confirmed a malicious governance proposal drained about $20 million from its treasury. The attacker...

















