Bonk DAO loses 20 million in governance attack

July 06, 2026

Reported by AI

The Bonk DAO wallet on Solana was drained of roughly 20 million dollars worth of tokens in a malicious governance attack. The price of BONK fell about 7 percent following the incident.

The Bonk DAO wallet was exploited for approximately 20 million dollars in the prominent dog-themed meme coin on Solana. Attackers used a malicious governance proposal to carry out the theft.

Bonk DAO reported the 20 million dollar loss from the malicious governance proposal. The event resulted in the removal of 20 million dollars worth of tokens from the treasury.

The price of BONK dropped about 7 percent amid the attack on the project.

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