BonkDAO Suffers Malicious Governance Proposal Attack, Approximately $20 Million in BONK Stolen

Odaily reported that the official Bonk Inu X account announced that BonkDAO was attacked via a malicious governance proposal, resulting in the theft of approximately $20 million worth of BONK tokens from its DAO treasury.

According to reports, the attacker exploited a suspicious governance proposal to transfer assets from the BonkDAO treasury. The stolen BONK subsequently began flowing to exchanges, putting downward pressure on the BONK price. Data from The Block shows that the BONK price has dropped over 9%.

South Korean exchange Upbit subsequently issued a notice stating that it has temporarily suspended BONK deposits and withdrawals to address the incident and mitigate potential risks. (The Block)