company

BonkDAO

BonkDAO is a decentralized autonomous organization tied to BONK, a dog-themed memecoin on the Solana blockchain. BONK launched in December 2022. A malicious governance proposal drained an estimated $20 million worth of BONK from the DAO's treasury.

Key facts

Treasury loss: About $20 million in BONKsource
Attack method: Malicious governance proposalsource
Law enforcement: Law enforcement has been notifiedsource
BONK token launch: December 2022, on the Solana blockchainsource

WYDE coverage of BonkDAO

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Sources

BonkDAO loses $20 million following 'malicious governance proposal' attack - The Block
BonkDAO Treasury Drained of $20M via Malicious Proposal - The Defiant

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