The DAO associated with $BONK, one of the popular memecoin projects in the Solana ecosystem, allegedly lost approximately $20 million worth of $BONK tokens as a result of a governance attack.
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According to information shared via X, the attacker(s) exploited a vulnerability in the DAO governance mechanism to gain control of the funds. It has been alleged that some of the $BONK tokens in question have begun to be sent to centralized cryptocurrency exchanges.
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