🔐 BonkDAO treasury drained via governance exploit
An attacker exploited BonkDAO's governance mechanism to drain 4.426 trillion BONK tokens from its treasury. The exploit allowed the attacker to pass a malicious proposal and withdraw the funds.
Of the stolen tokens, 800 billion BONK have already been sold for approximately $2 million. The attacker still holds an estimated 2.4 trillion BONK, leaving significant sell pressure potential on the market. BONK is the memecoin associated with the Solana ecosystem.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️
An attacker exploited BonkDAO's governance mechanism to drain 4.426 trillion BONK tokens from its treasury. The exploit allowed the attacker to pass a malicious proposal and withdraw the funds.
Of the stolen tokens, 800 billion BONK have already been sold for approximately $2 million. The attacker still holds an estimated 2.4 trillion BONK, leaving significant sell pressure potential on the market. BONK is the memecoin associated with the Solana ecosystem.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️