BonkDAO Says Malicious Governance Vote Drained About $20 Million in BONK From Treasury

BonkDAO said a malicious governance proposal drained an estimated $20 million worth of BONK tokens from its treasury. According to NS3.AI, the DAO said the incident was carried out through a governance vote rather than exploiting a smart-contract bug. BonkDAO said it has notified law enforcement and that recovery efforts are ongoing.