The address that siphoned $21.2 million from Bonk’s treasury transferred $4.11 million worth of BONK to Binance.

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PANews July 17, news: According to on-chain analyst Yu Jin’s monitoring, the address that drained Bonk treasury funds worth $21.2 million BONK via a governance proposal transferred 1.186 trillion BONK ($4.11 million) to Binance about 3 hours ago. Over the 10 days since the incident, the BONK price fell 28% (from $0.0000047 to $0.0000034).

  • The address spent $4.4 million 10 days ago to buy enough BONK tokens to meet the governance voting threshold and get the proposal passed, stealing 4.426 trillion BONK from the treasury ($21.2 million).
  • That day, 40 billion ( $190k ) were transferred to OKX, and the rest remain on-chain.
  • Today, another 1.186 trillion BONK was transferred to Binance; it still holds 3.2 trillion BONK ($10.98 million).
BONK1.12%
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