BonkDAO Reveals $20M Treasury Raid After Malicious Governance Attack

BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal

The attacker bought enough of the memecoin's tokens to pass a governance proposal that sent the group's holdings to a wallet they controlled, then began selling.

BonkDAO reveals $20M treasury raid after malicious governance attack

BonkDAO has disclosed that attackers have drained roughly $20 million worth of BONK tokens from its treasury after exploiting a malicious governance proposal. According to a statement published by BonkDAO on X, the unauthorized proposal allowed an unknown entity to…

BonkDAO Lost $20M Because Only 7 People Showed Up to Vote Altcoin News ETHNews

An attacker drained $20 million from the BonkDAO treasury through a valid governance vote. The takeover required buying roughly 1% of the BONK supply for about $4.4 million. Only 7 out of more than 18,000 DAO members voted on the malicious proposal. BONK fell as much as 10% while Upbit and Kraken froze deposits and withdrawals. On July 6, 2026, an unknown actor transferred 4.43 trillion BONK tokens, worth roughly $20 million, out of the BonkDAO …

BonkDAO Hit by $20M Treasury Hack After Malicious Governance Proposal Rocks BONK Holders

Key Takeaways: The malicious governance proposal resulted in BonkDAO’s treasury losing an estimated $20 million in BONK tokens. The DAO has identified wallets associated with the attack and is engaged with exchanges, Solana Foundation and law enforcement. The incident underscores escalating governance challenges within decentralized crypto actors. User Score8.7 Follow us on Google News BonkDAO, the DeFi initiative behind the BONK memecoin, has …

CoinStats - Specter Links BONK DAO Attacker Addresses To ...

Onchain analyst Specter alleged onchain exposure between attacker-linked addresses from the BONK DAO governance attack and wallets connected to the founder of Realms and crypto_notte, adding a new attribution layer to the Solana treasury-drain investigation. The claim does not prove that either person carried out the attack. It points to wallet-level exposure, which can include direct transfers, shared counterparties, funding links or other onch…

BONK DAO Loses $20 million to Governance Attack

Key Insights Solana’s flagship memecoin, BONK INU, falls by more than 10% after an exploit. The memecoin governance community, BonkDAO, was targeted with a malicious governance proposal. The project says it has informed law enforcement agencies of the attack Bonk Price fell after BonkDAO reported that an unknown entity drained treasury tokens through governance. The attack hit the Solana-based memecoin project and forced the team to contact law…