BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%

First reported July 6, 2026 by Bitcoin.com News · covered by 2 sources

BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%

BonkDAO, the decentralized autonomous organization overseeing the BONK meme token ecosystem on Solana, confirmed on Monday that it was the victim of a targeted governance attack resulting in the loss of approximately $20 million in BONK tokens. The incident highlights a critical vulnerability in decentralized governance structures, as the attacker did not exploit smart contract […]

BonkSolana

Jul 6, 2026 · byBitcoin.com News

BonkDAO reveals $20M treasury raid after malicious governance attack

BonkDAO has disclosed that attackers have drained roughly $20 million worth of BONK tokens from its treasury after exploiting a malicious governance proposal. According to a statement published by BonkDAO on X, the unauthorized proposal allowed an unknown entity to…

Bonk

Jul 7, 2026 · byCrypto.news