ICN

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
2026-07-06 09:47:13

17 Altcoins Face Major Token Unlocks This Week, Including OP and EIGEN

A total of 17 altcoins are scheduled for token unlocks this week as Bitcoin remains strong above key levels. Projects such as Sign, GUNZ, Opinion, OP and EIGEN may see heightened volatility, especially where unlock size represents a large share of market value.

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17 Altcoins Face Major Token Unlocks This Week, Including OP and EIGEN