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. An attacker used BONK DAO’s onchain governance system to pass a proposal that automatically drained about $20 million in BONK tokens from the project’s treasury. By spending roughly $4.4 million to buy just over 1 percent of BONK’s supply, the attacker met the quorum threshold, effectively becoming a single decisive voter in…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.