Woofun AI reports that BonkDAO confirmed its treasury was compromised by a malicious governance proposal, leading to the theft of approximately $20 million worth of BONK tokens. Investigations indicate the attacker acquired the tokens through an exchange wallet before submitting the proposal.

BonkDAO is collaborating with exchanges, bridges, and the Solana Foundation to address the incident. Law enforcement has been notified, and efforts to recover the funds and identify the perpetrators are ongoing.