BONK Price Drops as BonkDAO Loses $20M in Treasury Attack

TLDR: BONK faces renewed scrutiny after BonkDAO confirmed a malicious governance proposal drained about $20 million from its treasury. The attacker reportedly spent about $4.4 million buying BONK tokens to gain enough voting power for the proposal. The vote passed through the DAO’s own governance process, meaning the attack did not rely on a smart [...]

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