BONK DAO, @bonk_inu lost $20 MILLION without being hacked.


Here's what happened:
- An attacker bought ~$4M of BONK tokens.
- They created a fake governance proposal to send 4.4 trillion BONK ($20M) to their own wallet.
- The proposal went unnoticed for 7 days.
- At the last minute, they used their voting power to approve it. The DAO automatically sent the tokens.
- The attacker sold them, turning $4M into $20M.
This wasn't a smart contract hack, the attacker simply bought enough voting power to approve a malicious proposal.
BONK DAO says it has notified law enforcement and is working to recover the funds.
BONK-8.05%
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