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Stories tagged #TreasuryDrain

Every Zipp story tagged #TreasuryDrain, newest first.

BONK DAO loses $20M as $4.4M governance vote drains treasury

20d ago

BONK DAO loses $20M as $4.4M governance vote drains treasury

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.

BonkDAO Loses $20M to Malicious Governance Vote Attack

21d ago

BonkDAO Loses $20M to Malicious Governance Vote Attack

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.