BonkDAO suffered a malicious governance proposal attack, resulting in the theft of approximately $20 million worth of BONK tokens.

Odaily Planet Daily reported that the official X account of Bonk Inu stated that BonkDAO was attacked by a malicious governance proposal, leading to the theft of approximately $20 million worth of BONK tokens from its DAO treasury.

It is alleged that the attacker used a suspicious governance proposal to transfer assets from the BonkDAO treasury. The stolen BONK was subsequently moved to exchanges, putting downward pressure on the BONK price. Data from The Block shows that the price of BONK has fallen by more than 9%.

South Korean exchange Upbit subsequently issued an announcement stating that it has temporarily suspended BONK deposits and withdrawals to respond to this incident and mitigate potential risks. (The Block)