$19.3 Million Drained from BonkDAO in Governance Attack
BonkDAO suffered a loss of $19.3 million due to a governance attack. The incident involved a treasury transfer hidden within a proposal that was passed with low voter turnout.
An attacker acquired 1% of BONK tokens and executed a governance attack by embedding a treasury transfer in a proposal. The proposal was approved with only 2.9% voter turnout, allowing the attacker to drain the funds without any code vulnerabilities or key leaks. This incident highlights the risks associated with token-weighted governance voting systems.
Addresses in this incident
| Address | Chain | Role | Check |
|---|---|---|---|
| 0x3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C | ETH | mentioned in coverage | Check live |
Roles are attributed to the source that stated them. Addresses without an attributed role are listed because coverage mentioned them, not because we assign them a part in the incident.