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Hacker buys $4M of BONK.
Posts a DAO proposal to send 4.4T #Bonk to himself.
Waits 7 days. Nobody votes.
He votes YES. It passes.
Dumps it all. Walks with $16M profit.
1 vote NO commented: "didn't specify any clear idea" ๐
Governance doesn't fail from hackers.
It fails when nobody shows up.
#BONK #DAO
Posts a DAO proposal to send 4.4T #Bonk to himself.
Waits 7 days. Nobody votes.
He votes YES. It passes.
Dumps it all. Walks with $16M profit.
1 vote NO commented: "didn't specify any clear idea" ๐
Governance doesn't fail from hackers.
It fails when nobody shows up.
#BONK #DAO
STON.fi DAO Governance Digest
Stonfiers, hereโs a brief overview of recent activity within the STON.fi DAO governance system.
During the past seven days:
- Proposals finalized: 1
- Rejected proposals: 1
For timely governance announcements and proposal updates, follow the DAO Updates channel.
This digest is provided for informational purposes only and is not an official STON.fi DAO report. The information is compiled automatically from publicly available DAO data and other accessible sources.
#Stonfi #Dao #cryptotrends
Stonfiers, hereโs a brief overview of recent activity within the STON.fi DAO governance system.
During the past seven days:
- Proposals finalized: 1
- Rejected proposals: 1
For timely governance announcements and proposal updates, follow the DAO Updates channel.
This digest is provided for informational purposes only and is not an official STON.fi DAO report. The information is compiled automatically from publicly available DAO data and other accessible sources.
#Stonfi #Dao #cryptotrends
๐จ One of the Most Incredible DAO Exploits in Crypto History โ $BONK
A trader reportedly purchased $4M worth of $BONK and submitted a DAO proposal requesting the transfer of 4.4 trillion BONK to a wallet under his control.
The proposal remained live for 7 days, attracting almost no attention from the community. When voting closed, the proposer used his own voting power to vote YES, and the proposal passed.
Following the approval, the 4.4T BONK was transferred to his wallet, where it was later sold on the market.
๐ Estimated outcome: โข Initial Investment: $4M โข Total Value Realized: ~$20M โข Estimated Profit: ~$16M
The most ironic part?
Only one person voted NO, leaving a comment:
"They didn't specify any clear idea of what they could do differently." ๐
A reminder that DAO governance is only as strong as the participation of its community.
#BONK #Crypto #DeFi #DAO #blockchain
A trader reportedly purchased $4M worth of $BONK and submitted a DAO proposal requesting the transfer of 4.4 trillion BONK to a wallet under his control.
The proposal remained live for 7 days, attracting almost no attention from the community. When voting closed, the proposer used his own voting power to vote YES, and the proposal passed.
Following the approval, the 4.4T BONK was transferred to his wallet, where it was later sold on the market.
๐ Estimated outcome: โข Initial Investment: $4M โข Total Value Realized: ~$20M โข Estimated Profit: ~$16M
The most ironic part?
Only one person voted NO, leaving a comment:
"They didn't specify any clear idea of what they could do differently." ๐
A reminder that DAO governance is only as strong as the participation of its community.
#BONK #Crypto #DeFi #DAO #blockchain
A surprising story involving $BONK has caught the crypto community's attention. According to reports, an attacker bought around $4M worth of $BONK , submitted a DAO proposal, and later used their voting power to approve a transfer of tokens to a wallet they controlled.
After the proposal passed, the tokens were reportedly sold for a huge profit. The incident is a reminder that DAO governance should always be monitored carefully and that token holders need to review proposals before voting.
#Bonk #crypto #DAO #Write2Earn
After the proposal passed, the tokens were reportedly sold for a huge profit. The incident is a reminder that DAO governance should always be monitored carefully and that token holders need to review proposals before voting.
#Bonk #crypto #DAO #Write2Earn
๐จ BONK DAO Treasury Hit in $21M Governance Exploit
The BONK DAO treasury has lost over $21 million after a malicious governance proposal (BIP 76) passed with an overwhelming 99.9% approval.
The proposal transferred 4.4 trillion BONK tokens out of the treasury, exposing serious risks in decentralized governance systems and raising fresh concerns about DAO security.
$BONK
$JST
This incident is a reminder that governance transparency, proposal verification, and community oversight remain critical in protecting on-chain treasuries.
#BONK #CryptoNews #DAO
The BONK DAO treasury has lost over $21 million after a malicious governance proposal (BIP 76) passed with an overwhelming 99.9% approval.
The proposal transferred 4.4 trillion BONK tokens out of the treasury, exposing serious risks in decentralized governance systems and raising fresh concerns about DAO security.
$BONK
$JST
This incident is a reminder that governance transparency, proposal verification, and community oversight remain critical in protecting on-chain treasuries.
#BONK #CryptoNews #DAO
๐จ A $20M DAO Heist... With Just 7 Votes.
This wasnโt a smart contract exploit. It wasnโt a private key hack.
It was governance.
An attacker quietly accumulated around $4M worth of $BONK from major exchanges to gain enough voting power. Then came BIP #76โa proposal that looked ordinary on the surface but contained one critical action:
โก๏ธ Transfer 4.426 trillion BONK (worth nearly $20 million) from the BonkDAO treasury to a single wallet.
Here's the shocking part:
โข Over 18,000 wallets were eligible to vote.
โข Only 7 wallets actually participated.
โข The attacker waited until the final moments... dropped a massive YES vote... and the proposal passed.
Just like that, the treasury was drained.
Some of the stolen funds have already been traced moving toward OKX, while BonkDAO is now working with exchanges, the Solana Foundation, and law enforcement in an attempt to recover the assets.
The biggest lesson?
In crypto, low governance participation can be just as dangerous as a protocol bug.
Sometimes the biggest exploit isn't in the code... it's in the community that doesn't show up to vote.
$BONK
#Bonk #CryptoNews #DAO #Solana #DeFi #Web3
This wasnโt a smart contract exploit. It wasnโt a private key hack.
It was governance.
An attacker quietly accumulated around $4M worth of $BONK from major exchanges to gain enough voting power. Then came BIP #76โa proposal that looked ordinary on the surface but contained one critical action:
โก๏ธ Transfer 4.426 trillion BONK (worth nearly $20 million) from the BonkDAO treasury to a single wallet.
Here's the shocking part:
โข Over 18,000 wallets were eligible to vote.
โข Only 7 wallets actually participated.
โข The attacker waited until the final moments... dropped a massive YES vote... and the proposal passed.
Just like that, the treasury was drained.
Some of the stolen funds have already been traced moving toward OKX, while BonkDAO is now working with exchanges, the Solana Foundation, and law enforcement in an attempt to recover the assets.
The biggest lesson?
In crypto, low governance participation can be just as dangerous as a protocol bug.
Sometimes the biggest exploit isn't in the code... it's in the community that doesn't show up to vote.
$BONK
#Bonk #CryptoNews #DAO #Solana #DeFi #Web3
NGUYENVANCHANH:
ฤรบng vแบญy hรฃy lร m tแปท phรบ ngร y hรดm nay bแบฑng cรกch ฤแบงu tฦฐ 10 USD vร o Jager, trong tฦฐฦกng lai giรก ฤแบกt 1 USD /Jager thรฌ cรกc bแบกn ฤรฃ cรณ ngร y trong tร i khแปan lร : 2,7 tแปท ฤรด la. Tแปng cung: 14,6 triแปu tแปท coin (14.600.000.000.000.000 coin Jager)
๐จ BONK Governance Attack: $21.2M Treasury Drained
$4.4M โ $21.2M in 2 days. Hereโs how:
**Step 1: Proposal**
6/30: Submit gov proposal to send 4.426T BONK from treasury โ wallet 9bxW...JHvQ
**Step 2: Buy votes**
Proposal only needed 1% = 8.8T BONK โyesโ votes.
He pulled 8.82T BONK worth $4.4M from Binance/Bybit, voted โyesโ, threshold hit.
**Step 3: Execute**
Proposal auto-executed. Treasury emptied: 4.426T BONK = $21.2M moved.
**Step 4: Cash out**
40B BONK โ OKX | 4.386T BONK โ EXaJ...eh42
**The flaw:** 1% approval threshold + no min voter requirement = governance attack was easy.
Wallets used Binance/OKX/Bybit = traceable.
Moral: Low quorum + no voter minimums = treasury risk.
Thoughts on DAO security? ๐
#BONK #DAO #CryptoSecurity #Solana
NFA
$4.4M โ $21.2M in 2 days. Hereโs how:
**Step 1: Proposal**
6/30: Submit gov proposal to send 4.426T BONK from treasury โ wallet 9bxW...JHvQ
**Step 2: Buy votes**
Proposal only needed 1% = 8.8T BONK โyesโ votes.
He pulled 8.82T BONK worth $4.4M from Binance/Bybit, voted โyesโ, threshold hit.
**Step 3: Execute**
Proposal auto-executed. Treasury emptied: 4.426T BONK = $21.2M moved.
**Step 4: Cash out**
40B BONK โ OKX | 4.386T BONK โ EXaJ...eh42
**The flaw:** 1% approval threshold + no min voter requirement = governance attack was easy.
Wallets used Binance/OKX/Bybit = traceable.
Moral: Low quorum + no voter minimums = treasury risk.
Thoughts on DAO security? ๐
#BONK #DAO #CryptoSecurity #Solana
NFA
HOW $BONK GOT DRAINED FOR A 5X PROFIT ๐
Attackers spent $4.4M to buy voting tokens, passed a malicious proposal, and walked away with $21.2M โ nearly a 5x return. That 882 billion BONK they withdrew from exchanges gave them just enough to hit the approval threshold and siphon the treasury.
This isn't just a hack report, it's a blueprint. DAOs with low quorum and thin liquidity are sitting ducks. If a project's governance can be hijacked with a few million dollars, the setup is already priced in for the next attack.
Are you still comfortable holding tokens in low-threshold DAOs?
Not financial advice. Always manage your risk.
#BONK #DAO #Security #CryptoCrime
๐ฏ
Attackers spent $4.4M to buy voting tokens, passed a malicious proposal, and walked away with $21.2M โ nearly a 5x return. That 882 billion BONK they withdrew from exchanges gave them just enough to hit the approval threshold and siphon the treasury.
This isn't just a hack report, it's a blueprint. DAOs with low quorum and thin liquidity are sitting ducks. If a project's governance can be hijacked with a few million dollars, the setup is already priced in for the next attack.
Are you still comfortable holding tokens in low-threshold DAOs?
Not financial advice. Always manage your risk.
#BONK #DAO #Security #CryptoCrime
๐ฏ
ONE DELEGATE OUTWEIGHS 50 OTHERS โ $ENS GOVERNANCE BREAKING POINT ๐ฅ
ENS co-founder Alex Van de Sande just proposed delegating 5 million ENS from the idle DAO treasury to individual participants. The data point that matters: a single delegate already holds enough voting power to outweigh the next 50 delegates combined. That's not a bug, it's the problem.
This comes right after ENS Labs suggested moving the operational wallet to a five-person board, sparking "treasury capture" fears. Van de Sande says delegated tokens still belong to the DAO and cannot be sold โ but the power shift is real. If this passes, it could reshape how ENS decisions are made.
Are you watching this governance play?
Not financial advice. Always manage your risk.
#ENS #Governance #DAO #CryptoNews
โก
ENS co-founder Alex Van de Sande just proposed delegating 5 million ENS from the idle DAO treasury to individual participants. The data point that matters: a single delegate already holds enough voting power to outweigh the next 50 delegates combined. That's not a bug, it's the problem.
This comes right after ENS Labs suggested moving the operational wallet to a five-person board, sparking "treasury capture" fears. Van de Sande says delegated tokens still belong to the DAO and cannot be sold โ but the power shift is real. If this passes, it could reshape how ENS decisions are made.
Are you watching this governance play?
Not financial advice. Always manage your risk.
#ENS #Governance #DAO #CryptoNews
โก
STON.fi DAO Governance Digest
Stonfiers, hereโs a short update on recent activity within the STON.fi DAO governance system.
As of July 1:
Proposals currently in voting: 1
For immediate governance announcements and proposal activity, follow the DAO Updates channel.
This digest is intended for informational purposes only and does not represent an official STON.fi DAO report. The information is collected automatically from publicly available DAO data and related sources.
#Dao #Stonfi #Web3
Stonfiers, hereโs a short update on recent activity within the STON.fi DAO governance system.
As of July 1:
Proposals currently in voting: 1
For immediate governance announcements and proposal activity, follow the DAO Updates channel.
This digest is intended for informational purposes only and does not represent an official STON.fi DAO report. The information is collected automatically from publicly available DAO data and related sources.
#Dao #Stonfi #Web3
$BONK Donโt just watch the dramaโDAO governance being compromised is a very real risk signal๐จ
In Binance news, Specter has made an initial disclosure about an attack on BONK DAO governance: the attacker aimed to obtain voting power equal to 1% of BONKโs circulating supply by submitting malicious proposals, buying coins, and taking out a loan on Marginfi to gather enough votes. Even more concerning is that the investigation also mentioned suspicious fund connections between the founder of Realms and an address believed to be linked to the attacker.
This kind of news most easily leads to two market scenarios: at first, some people may treat it as โbad news already priced inโ and rush to catch the rebound; later, if the investigation continues to unfold, sentiment could flip and drop again. Binanceโs 5-minute average is hovering around 0.00000404, and recent trades have been churning back and forth within the 0.00000403โ0.00000404 rangeโdonโt get tricked into buying in on a small bounce.
My view is simple: until the governance attack is fully clarified, BONK is better off being watched and waiting for confirmation. If you really want to act, wait until the risk headlines cool down and the on-chain voting-power issues are resolvedโdonโt treat meme sentiment as a moat.
$BONK #DAO #Solana #CryptoRisk #MemeCoin
In Binance news, Specter has made an initial disclosure about an attack on BONK DAO governance: the attacker aimed to obtain voting power equal to 1% of BONKโs circulating supply by submitting malicious proposals, buying coins, and taking out a loan on Marginfi to gather enough votes. Even more concerning is that the investigation also mentioned suspicious fund connections between the founder of Realms and an address believed to be linked to the attacker.
This kind of news most easily leads to two market scenarios: at first, some people may treat it as โbad news already priced inโ and rush to catch the rebound; later, if the investigation continues to unfold, sentiment could flip and drop again. Binanceโs 5-minute average is hovering around 0.00000404, and recent trades have been churning back and forth within the 0.00000403โ0.00000404 rangeโdonโt get tricked into buying in on a small bounce.
My view is simple: until the governance attack is fully clarified, BONK is better off being watched and waiting for confirmation. If you really want to act, wait until the risk headlines cool down and the on-chain voting-power issues are resolvedโdonโt treat meme sentiment as a moat.
$BONK #DAO #Solana #CryptoRisk #MemeCoin
โก Breach of Organization #Bonk #DAO leads to the draining of $20 million in BONK coins
๐ฐ The BONK DAO organization was hacked via a governance mechanism, resulting in the draining of BONK coins valued at around $20 million.
๐ The information indicated that the stolen assets began being transferred to trading platforms, which may pave the way for sales in the market, potentially affecting the price of the BONK coin
๐ฐ The BONK DAO organization was hacked via a governance mechanism, resulting in the draining of BONK coins valued at around $20 million.
๐ The information indicated that the stolen assets began being transferred to trading platforms, which may pave the way for sales in the market, potentially affecting the price of the BONK coin
BONK treasury was just robbed of $20 millionโnot via hacked private keys, but through a legitimate governance proposal.
One governance attack directly transferred the DAOโs treasury proposal to the attackerโs addressโtruly unheard of. If on-chain citizens canโt stop bad actors, itโs no different from running around naked. In the short term, thereโs selling-pressure from the dump to deal with. After that, itโs up to how BonkDAO will atone. Once community trust fractures, repairing it is far harder than drafting proposals. #DAO $BONK
One governance attack directly transferred the DAOโs treasury proposal to the attackerโs addressโtruly unheard of. If on-chain citizens canโt stop bad actors, itโs no different from running around naked. In the short term, thereโs selling-pressure from the dump to deal with. After that, itโs up to how BonkDAO will atone. Once community trust fractures, repairing it is far harder than drafting proposals. #DAO $BONK
BonkDAOโs official confirmation: it was hit by a malicious governance proposal attack, and approximately $20 million worth of BONK tokens was stolen from the DAO treasury. The stolen funds have already begun flowing to exchanges, and the BONK price has fallen by more than 9%. The Korean exchange Upbit has also suspended BONK deposits and withdrawals to mitigate risks.
The incident once again highlights potential risks within DAO governance mechanisms, which may suppress market sentiment in the short term.
For market observation only; does not constitute investment advice.
#BONK #ๅฎๅ จ #DAO
The incident once again highlights potential risks within DAO governance mechanisms, which may suppress market sentiment in the short term.
For market observation only; does not constitute investment advice.
#BONK #ๅฎๅ จ #DAO
$DEXE 24h Itโs up 16%, but whatโs truly worth marking isnโt the gain itselfโitโs the wheel-like logic behind it: โtrader compensation โ token redemption and burn.โ In essence, DeXe uses DAO governance so the community decides the burn ratio and farming rewards, turning trading fees from social trading into deflationary fuel.
Previously, the team had been pushing forward treasury control and a staking protection mechanism: periodically buy back and burn based on the tradersโ compensation ratio. This play isnโt new for governance tokens, but discussion momentum in the community is clearly heating upโsome people are comparing it to the early SNX burn model. The point to watch is whether the burn intensity can be sustained to support the price.
Next up will be the scale of the upcoming burn announcement. If it grows month over month, sentiment could flare up for another round.
#DeXe #DeFi #DAO #ๆฒป็ไปฃๅธ
Previously, the team had been pushing forward treasury control and a staking protection mechanism: periodically buy back and burn based on the tradersโ compensation ratio. This play isnโt new for governance tokens, but discussion momentum in the community is clearly heating upโsome people are comparing it to the early SNX burn model. The point to watch is whether the burn intensity can be sustained to support the price.
Next up will be the scale of the upcoming burn announcement. If it grows month over month, sentiment could flare up for another round.
#DeXe #DeFi #DAO #ๆฒป็ไปฃๅธ
TRON DAO GOVERNANCE: TRUE DECENTRALIZATION IN ACTION ๐ณ๏ธ
TRON DAO represents the evolution of governance in the TRON ecosystem. Through on-chain voting, TRX holders directly influence the direction of the network.
Proposals are submitted, debated, and voted on transparently. Every TRX holder can participate.
The governance process covers everything from protocol upgrades to ecosystem fund allocation.
Super Representatives are elected through this process, ensuring that validators have the support of the community.
@TRON DAO
#TRONEcoStar #Governance #DAO
TRON DAO represents the evolution of governance in the TRON ecosystem. Through on-chain voting, TRX holders directly influence the direction of the network.
Proposals are submitted, debated, and voted on transparently. Every TRX holder can participate.
The governance process covers everything from protocol upgrades to ecosystem fund allocation.
Super Representatives are elected through this process, ensuring that validators have the support of the community.
@TRON DAO
#TRONEcoStar #Governance #DAO
$ENS DAO FACES BIGGEST GOVERNANCE CRISIS YET ๐จ
Nick Johnson holds nearly 50% of delegated voting power and just blocked the Security Council extension with 82% opposing. This isn't just infighting โ prominent figures are calling the DAO dead and calling for its dissolution. The level of centralization here is a massive red flag for token holders.
Volume on $ENS could spike as the community debates the future. This is the kind of event that either forces change or breaks the project. Are you holding through this or stepping aside?
Not financial advice. Always manage your risk.
#ENS #GovernanceCrisis #DAO #CryptoNews
โก
Nick Johnson holds nearly 50% of delegated voting power and just blocked the Security Council extension with 82% opposing. This isn't just infighting โ prominent figures are calling the DAO dead and calling for its dissolution. The level of centralization here is a massive red flag for token holders.
Volume on $ENS could spike as the community debates the future. This is the kind of event that either forces change or breaks the project. Are you holding through this or stepping aside?
Not financial advice. Always manage your risk.
#ENS #GovernanceCrisis #DAO #CryptoNews
โก
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