Solana Meme Coin Bonk Treasury Drained of $20 Million in 'Malicious' Governance Attack
The Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.
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The unresolved jurisdictional dispute over the Bitcoin reserve highlights the complexities of integrating digital assets into federal asset management. The post Strategic Bitcoin Reserve faces legal hurdles as Treasury and Commerce fight over who gets to hold the keys appeared first on Crypto Briefing.
Read full articleThe Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.
The attack highlights vulnerabilities in DAO governance, urging enhanced security measures to protect community treasuries and investor interests. The post BonkDAO treasury drained of $20M in BONK tokens via malicious governance proposal appeared first on Crypto Briefing.
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