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BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal

Crypto CoinDesk By Shaurya Malwa 07 Jul 2026 05:40 1 min read
BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal

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.

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.

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