BONK DAO Suffers $20M Governance Takeover Economic Drain
An opportunistic attacker weaponized BONK DAO's on-chain voting infrastructure, spending $4.4M to pass a malicious proposal that drained a $20M treasury.
A bridge is a blockchain tool that allows users to transfer assets or data between different blockchain networks. Bridges enable interoperability, making it possible to move tokens across ecosystems such as Ethereum, Layer 2 networks, or alternative blockchains. They play a key role in expanding liquidity and usability across the crypto space. However, bridges have also been targets for security exploits, making safety a major concern. Despite the risks, bridges remain essential infrastructure for a multi-chain environment.
An opportunistic attacker weaponized BONK DAO's on-chain voting infrastructure, spending $4.4M to pass a malicious proposal that drained a $20M treasury.
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