Every Zipp story tagged #GovernanceAttack, newest first.
One governance takeover, a full chain shutdown, a new AI-focused L1, and an Uniswap burn extension in the same seven days.
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.
WuBlockchain
CryptoSlate
CoinDesk
Lookonchain
TheBlock