BONK DAO Governance Attack Drains $20 Million From Treasury

Bitcoin ETFs Record $266 Million in Net Inflows Despite Bonk Treasury Exploit

Bonk, one of the most recognizable meme coin ecosystems on the Solana blockchain, has been shaken by a major governance incident after approximately $21.2 million was reportedly drained from its treasury through what has been described as a rogue DAO proposal. The event has reignited concerns about decentralized governance, treasury security, and the challenges that […] The post Bitcoin ETFs Record $266 Million in Net Inflows Despite Bonk Treasu…

Someone Spent $4.4M Buying BONK Votes on Bybit and Binance and Walked Out With $20M Legally

BONK DAO governance attack reportedly drained $20 million in BONK tokens. BonkDAO is investigating and working with exchanges and authorities.

CoinStats - BONK Treasury Attack: Why DAO Governance Risk...

So here we are again. Not a smart contract exploit in the classic sense, but a rules-as-written treasury drain that sailed through governance because nobody showed up. If you hold meme tokens with DAOs attached to them, this is the wake-up call. The BONK saga isn’t just a one-off. It shows how cheap it can be to buy enough votes, meet quorum, and walk out with a treasury haul if a community is disengaged. The fix isn’t magical. It’s mostly bette…

BonkDAO Loses $20 Million After Attacker Buys Governance Control for $4.4 Million

BonkDAO lost an estimated $20 million in BONK tokens on June 30 after an anonymous wallet spent roughly $4.4 million buying just over 1% of BONK's total supply, enough to single-handedly meet the DAO's quorum requirement and pass a governance proposal that redirected its treasury to a wallet the attacker controlled.The proposal, titled "BIP #76 – Sowellian BonkDAO," called for transferring BonkDAO's treasury holdings to a new address. To take ef…

Can BONK survive the $20 million treasury exploit as sellers pile in?

Bearish technical indicators and continued selling is keeping BONK under pressure.

BONK DAO Governance Attack Drains $20 Million From Treasury

BONK DAO confirmed on July 6, 2026, that an attacker drained approximately $20 million worth of BONK tokens from its treasury by purchasing enough voting ...