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BONK DAO Suffers $20 Million Treasury Drain After Governance Vote Exploit
NEWSJUL 7, 2026
BONK DAO Suffers $20 Million Treasury Drain After Governance Vote Exploit
BONK DAO was drained of about $20 million in BONK tokens after an attacker bought enough voting power to push through a malicious onchain proposal. The incident has renewed scrutiny of token-based governance models that allow low-turnout votes to automatically move treasury funds.
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