Whale Buys BONK Votes, Drains $20 Million from Apathetic DAO Treasury
Some clever whale decided that actually participating in decentralized governance was too much effort for BONK DAO members. Instead, they just bought enough voting tokens for $4.4 million to pass a malicious proposal and siphon off a cool $20 million from the treasury. With voter turnout at a pathetic 2.9%, it seems everyone was too busy watching the sunset over the Pacific to care about their digital coffers. Makes you wonder if they'd notice if their palapa disappeared overnight.