BonkDAO reports $20M theft from ‘malicious governance proposal’
CoinTelegraph·
60-second summary
BonkDAO developers are currently investigating a $20M theft resulting from a malicious governance proposal, having already informed law enforcement. They are actively working to recover the stolen funds and identify those responsible for the attack. This incident highlights the ongoing risks and vulnerabilities in decentralized governance systems and their potential impact on the crypto market.
The developers behind the memecoin project said they had informed law enforcement after the attack and were working to “recover funds and identify those responsible.”