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The hack exposes critical vulnerabilities in DAO governance, highlighting the urgent need for stronger security measures to protect investor assets. The post BonkDAO hacked for $20M in BONK tokens via malicious governance proposal appeared first on Crypto Briefing.
BonkDAO, the decentralized autonomous organization tied to the Solana-based memecoin BONK, said Monday it was the target of a malicious governance proposal that drained an estimated $20 million worth of BONK tokens from its treasury, according to a post on its official X account. The DAO said the…
The attack highlights vulnerabilities in DAO governance, urging enhanced security measures to protect community treasuries and investor interests. The post BonkDAO treasury drained of $20M in BONK tokens via malicious governance proposal appeared first on Crypto Briefing.
