POPA ReconBonkDAO Drained of $20M via Malicious Governance Proposal
BonkDAO Drained of $20M via Malicious Governance Proposal BonkDAO just lost an estimated $20M in BONK tokens - not to a smart contract bug, but to governance itself. An attacker pushed through a malicious proposal that authorised draining the DAO treasury, and the stolen tokens are already moving to exchanges. BONK is down over 11%, Upbit has suspended deposits and withdrawals, and law enforcement has been notified as the team works to recover funds. Governance attacks don't exploit code - they exploit low quorums, cheap voting power, and communities that don't read proposals. BONK was co…
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