BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal

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The attacker bought enough of the memecoin's tokens to pass a governance proposal that sent the group's holdings to a wallet they controlled, then began selling.

source https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal

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