BONK Slides 8% After BonkDAO Treasury Drained of $20M in Governance Attack
Coingape - 7/7/2026 12:02:04 PM - GMT (+0 )
Coingape - 7/7/2026 12:02:04 PM - GMT (+0 )
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The BONK price dropped around 8% on July 6 after BonkDAO. The decentralized governance body behind Solana’s popular memecoin $BONK, confirmed that a malicious governance proposal drained an estimated $20 million from its treasury. The attacker strategically planned the attack by using DAO’s voting rules to carry out the exploit. The exploiter carted away an
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