DAO governance was exploited, BONK took a hard hit in this downturn, with internal protocol logic being the biggest vulnerability.

CoinJie.com news: BonkDAO reported that an unknown entity drained funds through governance mechanisms, causing the price of the Solana-based memecoin BONK to fall. The attack forced the team to contact law enforcement, increasing pressure on BONK in a weak market. Data from CoinMarketCap shows that the BONK price has dropped 7.89% over the past 24 hours and is currently trading at approximately $0.000004, with a market cap of $394 million, ranking #90. BonkDAO said that funds left its treasury via the voting system, and the attacker used internal protocol logic rather than stealing directly via private keys. The incident has sparked questions about DAO oversight, as the governance system can move assets quickly after a proposal is passed, lacking sufficient security review.