Svmuu News: The official Bonk Inu X account stated that BonkDAO was targeted by a malicious governance proposal attack, resulting in the theft of approximately $20 million worth of BONK tokens from its DAO treasury.
Reportedly, the attacker passed a suspicious governance proposal that allowed assets to be transferred out of the BonkDAO treasury. The stolen BONK tokens subsequently began flowing into exchanges, putting downward pressure on the price of BONK. 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 had temporarily suspended BONK deposits and withdrawals to address the incident and mitigate potential risks. (The Block)