BonkDAO Loses $20 Million in Malicious Governance Vote as Meme Coins Bleed
An attacker successfully drained 4.4 trillion BONK tokens worth roughly $20 million from the BonkDAO treasury simply by pushing through a malicious governance proposal during a low-turnout vote. Down in Todos Santos, the local crypto bros are weeping into their artisanal mezcal, while the rest of us realize that decentralized governance is just corporate office politics with extra steps and dumber acronyms.