Crypto Scenario Insights
What happened
BonkDAO reported a malicious governance proposal led to the draining of approximately $20 million worth of BONK tokens from its treasury.
What we think
A malicious governance proposal led to BonkDAO losing an estimated $20 million in BONK, highlighting significant security flaws in token-weighted voting for memecoin treasuries.
Read the analysis
BonkDAO Treasury Drain: Memecoin DAO Security Vulnerabilities Under Scrutiny
We explain what happened and what could follow. We do not forecast prices.