BonkDAO Attacker Moves $19M Loot Into New ‘BONK 2.0’ DAO
The post BonkDAO Attacker Moves $19M Loot Into New ‘BONK 2.0’ DAO appeared on BitcoinEthereumNews.com. The wallet behind BonkDAO’s $20 million governance attack has parked most of the stolen BONK in a multisig controlled by a newly created shadow DAO, Chainalysis said in a post on its official X account Tuesday. The wallet behind BonkDAO’s $20 million governance attack has parked most of the stolen BONK in a multisig controlled by a newly created shadow DAO, Chainalysis said in a post on its official X account Tuesday. The blockchain analytics firm calls the structure “BONK 2.0.” The multisig is governed by three parties: the malicious voter wallet, the exploiter wallet that received the drained treasury, and a third wallet with financial ties to the voter, according to Chainalysis’s thread. The Defiant previously reported the initial drain of BonkDAO’s treasury. Attack Timeline Chainalysis traced the scheme back to June 30, when an anonymous wallet first proposed draining BonkDAO’s tr