The address tied to the governance attack that drained the BONK treasury has moved another 400 billion BONK, worth about $1.19 million, to Coinbase, according to on-chain monitoring cited by BlockBeats on July 18. The transfer was reported as having taken place roughly 20 minutes before the update. The same address had spent about $4.4 million 10 days earlier to acquire enough BONK to meet the threshold needed to pass a governance vote. It then launched a proposal and forced it through, after which 4.426 trillion BONK, valued at about $21.2 million, was transferred out of the BONK treasury. The latest transfer adds to the on-chain activity tied to the address that carried out the treasury-draining governance action.
On July 18, BlockBeats reported, citing on-chain monitoring by Ember, that the address behind the governance attack that drained the BONK treasury transferred another 400 billion BONK to Coinbase around 20 minutes earlier. The tokens were valued at about $1.19 million.
According to the report, the same address spent about $4.4 million 10 days ago to buy enough BONK to reach the threshold required to pass a governance vote. It then put forward a governance proposal and forced it through, moving 4.426 trillion BONK out of the BONK treasury. The report valued that amount at about $21.2 million.
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