Every Zipp story tagged $BONK, newest first.
Treasury drains via simple on-chain vote have moved from theoretical to routine, and the Bonk memecoin community is the latest proof that low voter turnout is the real attack surface.
A quorum that cleared by 0.3% of supply handed an attacker 99.9% of one vote and 4.43 trillion BONK tokens, the cheapest legal theft the sector has seen.
The profit margin is what stings: roughly $4.4M of spot buying on Bybit and Binance bought just enough quorum to pass a self-serving proposal and walk away with 4.426T $BONK.
A $4M vote-buy blitz executed through a proposal sat dormant for six days, then drained roughly $20M in BONK from the DAO treasury, exposing how thin voting power in a memecoin governance can be.
The exploit rode a passed proposal through BonkDAO's own voting mechanism, a structural hit that turns governance itself into the attack surface.
The argument lands at Consensus Miami while BONK itself is testing the rails Nom says other memecoins skip — a Nasdaq-listed treasury, a 2x leveraged ETF filing and public-company allocations that…
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