BonkDAO, which oversees the Bonk memecoin, says it was the target of a "malicious governance proposal" that resulted in a loss of $20M worth of Bonk tokens
THE SO WHAT
A $20M drain via a single governance proposal is a reminder that on-chain voting is a privileged attack surface, not a formality. Any protocol or DAO touching real value needs the same controls you’d put on wire approvals—quorums, delays, circuit breakers, and human review for high-impact changes.
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