Svmuu News: BonkDAO, associated with the Solana ecosystem meme coin project BONK, has been targeted by a malicious governance proposal attack. The attacker executed an irregular proposal by forging or manipulating governance votes, transferring approximately $20 million worth of BONK tokens from the treasury. The stolen funds have begun flowing to multiple crypto exchanges, and the price of BONK has dropped by more than 9%.
The South Korean exchange Upbit subsequently announced that it had suspended BONK deposit and withdrawal services. BonkDAO stated that it has notified law enforcement agencies and is cooperating with relevant parties to track down the attackers and attempt to recover the funds.
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BonkDAO Suffers Approximately $20 Million in Losses from a Governance Attack; Upbit Suspends BONK Deposits and Withdrawals
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