BONK Treasury Attack: Why DAO Governance Risk Is Back for Meme Tokens
4.43T BONK moved after a low-turnout vote, reviving DAO governance risk for meme tokens. We explain quorum math, attack paths, and holder defenses.
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An attacker spent about $4.4 million buying just over 1% of BONK's supply to meet quorum alone, passing a proposal that drained roughly $20 million — 4.43 trillion BONK — from the treasury.
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