BonkDAO Loses $20M in Governance Attack
- DeFi
- DeFi Protocol
An attacker bought roughly $4M of BONK over several days to seize voting power in BonkDAO. On July 6 the attacker passed a proposal draining the treasury. CT watched the vote unfold in real time as the attacker dumped the stolen tokens.
Incident Details
- Type
- GOVERNANCE ATTACK
- Funds Lost
- $20M
- Status
- Total loss
Funds drained and tokens dumped on market