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BONK
2026-08-12 08:18:47

BonkDAO treasury incident remains contained as BONK says products and operations are unaffected

BonkDAO’s community treasury recently suffered a security incident, prompting fresh scrutiny of the BONK ecosystem’s security controls, treasury structure, and operating model. BONK’s position is that the breach targeted BonkDAO’s community-governed treasury rather than BONK’s own product stack, company reserves, or day-to-day operating funds. That distinction sits at the center of the project’s response. According to the information disclosed, the team began investigating and tracing funds within hours, brought in an independent blockchain investigation firm, tracked the stolen assets on-chain, and froze part of the funds with help from a large exchange. One suspect has been identified, law enforcement has become involved, legal action is being prepared, and the governance vulnerability tied to the incident has been closed. BONK has not disclosed the amount frozen or an expected timeline for recovery, saying legal procedures are still underway. The report also argues that the incident has not disrupted BONK’s product activity. BONKTrade posted more than $425 million in June volume, BONK.fun recorded more than $17 million in July volume, BONKbot is doing about $1 million in 24-hour volume, and BONKPLAY generated roughly $1.2 million in trading volume during its first three days. BONK says it now has more than 1 million unique wallet holders, while parts of product fee revenue continue to feed buyback-and-burn mechanisms for $BONK.

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BonkDAO treasury incident remains contained as BONK says products and operations are unaffected
ZeroShadow
2026-08-04 01:55:00

Crypto losses hit about $97 million in July as cross-chain bridge attacks topped $35 million

Blockchain security firm ZeroShadow said the crypto sector lost about $97 million to security incidents in July 2026, with losses rising roughly 18.7% from $81.73 million in June. Of that total, around $94 million came from hacker attacks and contract-related flaws, while phishing accounted for about $3 million. The report counted more than 14 protocol-related incidents, down from 67 in June, but noted that the amount lost per incident rose sharply. Cross-chain bridges remained the hardest-hit area. AFX Trade, Verus and B² Network were among the projects hit within a matter of hours, with combined losses exceeding $35 million. ZeroShadow said the main attack path is shifting away from smart-contract coding bugs and toward off-chain infrastructure compromises, validator or signing-key leaks, and governance manipulation. The report highlighted seven major hacking cases, including the $23.75 million Ostium exploit tied to compromised off-chain price-signing infrastructure, the $24.15 million AFX Trade bridge attack involving validator keys, and the $20 million BonkDAO treasury drain carried out through governance rules rather than contract failure. It also listed four notable phishing or scam incidents and offered separate recommendations for users, project teams and the broader industry.

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Crypto losses hit about $97 million in July as cross-chain bridge attacks topped $35 million
BonkDAO
2026-07-07 13:06:15

BonkDAO Hit by Governance Attack as $4.4 Million in Votes Unlocked Nearly $20 Million in BONK

BonkDAO, the community governance body behind Solana meme coin BONK, confirmed on July 6 that it was exploited through a malicious governance proposal rather than a smart contract bug. The attacker spent about $4.4 million accumulating roughly 882.38 billion BONK, enough to cross the DAO’s 1% approval threshold, and then pushed through Proposal #76, which contained a hidden instruction to transfer about 4.43 trillion BONK from the treasury. The amount taken was widely estimated at around $20 million, though reported valuations ranged from roughly $19.3 million to $21.2 million. Following the incident, BONK fell about 7% to 10% within 24 hours to around $0.0000043, while exchanges including Upbit and Kraken suspended BONK deposits and withdrawals. On-chain analysts said only a small portion of the stolen treasury tokens was immediately sent to exchanges, while most of the funds were moved to a multisig wallet. In contrast, the BONK acquired to influence the vote was quickly sold off. The case has renewed debate over whether such actions are “legal” on-chain governance outcomes or clear governance attacks enabled by weak DAO design.

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BonkDAO Hit by Governance Attack as $4.4 Million in Votes Unlocked Nearly $20 Million in BONK
BonkDAO
2026-07-07 12:32:03

BonkDAO Loses $20 Million in Governance Attack as Samsung’s Profit Surge Fails to Lift Shares

TechFlow’s latest market roundup highlighted a sharp repricing of risk across crypto and technology markets. In the most notable crypto incident, BonkDAO suffered a malicious governance attack that drained roughly 4.426 trillion BONK, with estimated losses of about $20 million. The attacker reportedly acquired 88.22 billion BONK to secure voting power, pushed the proposal through with only seven votes cast, and moved the treasury funds within one minute after voting ended. BonkDAO has since contacted exchanges, cross-chain bridges, the Solana Foundation, and law enforcement to track the stolen assets. Another on-chain incident saw a trader swap roughly $2 million worth of ETH into LIT through the 0x router, only to receive tokens valued at around $14,100 after the trade was routed into a low-liquidity pool. MEV bots reportedly captured about $2 million in reverse arbitrage profit. Outside crypto, Samsung Electronics posted a 1,810% year-over-year profit jump in the second quarter, yet its shares fell nearly 7% as investors judged the results below “perfect pricing” expectations. The drop dragged South Korea’s KOSPI index down 4.91% and triggered a second circuit breaker, underscoring how stretched expectations are driving market reactions across sectors.

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BonkDAO Loses $20 Million in Governance Attack as Samsung’s Profit Surge Fails to Lift Shares