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🚨 $20M Gone in a Single Governance Attack!
$BONK DAO has reportedly lost ~$20 million after an attacker exploited a low-participation governance vote.
💰 The attacker allegedly spent around $4.4M to acquire enough voting power, pushed through a malicious proposal with only 7 wallets participating, and drained the treasury.
📉 BONK dropped over 8% as the news spread, reigniting concerns about the security of low-quorum DAO governance.
⚠️ This incident is a wake-up call for every DAO: • Stronger governance safeguards are essential. • Low voter participation can become a massive security risk. • Treasury protection should never rely on weak quorum rules.
👀 Do you think DAOs need stricter governance rules, or is this just part of decentralization?
💬 Share your thoughts below.
#BONK #Solana #DAO #Crypto #DeFi