First reported by Cointelegraph
BonkDAO reports $20M theft from ‘malicious governance proposal’
BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%
By
Jamie Redman
6h agoen
Source
news.bitcoin.comBonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%bitcoin.comBonkDAO, the decentralized autonomous organization overseeing the BONK meme token ecosystem on Solana, confirmed on Monday that it was the victim of a targeted governance attack resulting in the loss of approximately $20 million in BONK tokens. The incident highlights a critical vulnerability in decentralized governance structures, as the attacker did not exploit smart contract […]
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