BonkDAO Treasury Loses $20M in Governance Attack; Upbit Halts BONK Deposits
2026-07-07 07:56

Woofun AI reports that BonkDAO, linked to the Solana ecosystem meme coin project BONK, suffered a security breach via manipulated governance votes. The attacker executed unauthorized proposals to transfer approximately $20 million worth of BONK tokens from the treasury. Following the incident, stolen assets began moving to various crypto exchanges, while the BONK token price declined by over 9%. In response, South Korean exchange Upbit suspended BONK deposit and withdrawal services. BonkDAO confirmed it has alerted law enforcement and is cooperating with partners to trace the attacker and recover the funds.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
BONK
BonkDAO
Upbit
Solana
Share:
back