2 min read4 sourcesBearish
Hacker Drains $20M From Bonk Memecoin via Fake Governance Vote
An attacker bought enough Bonk tokens to pass a malicious governance proposal, redirecting the project's $20 million treasury to a wallet they controlled. The stolen funds were then moved to crypto exchanges. Bonk's developers have reported the attack to law enforcement and are working to trace and recover the assets.
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