BonkDAO says attackers stole about $20 million in BONK by pushing through a malicious governance proposal that voted more tokens into wallets they controlled. The attackers reportedly bought a large BONK position in advance to gain voting power inside the decentralized autonomous organization, then used that leverage to approve the transfer. Upbit temporarily suspended BONK deposits and withdrawals while the incident is investigated.
Why it matters: This is a direct loss event affecting BONK holders and users of services that support the token. Anyone exposed to BONK should watch exchange and project notices, review custody risk, and expect possible freezes, volatility, or recovery actions.
2026.07.06
100% relevant
This article appears to be the first tracked item here about the BonkDAO governance attack and establishes the core event: attackers acquired voting power and used it to approve a transfer of roughly $20 million in BONK.
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