web3: BonkDao was attacked with malicious governance, and approximately $20 million in treasury funds was transferred

The Solara Ecomemecocoline BONK governance organization BonkDAO stated that its treasury had been diverted as a result of a malicious governance proposal, with approximately 4.4 trillion BONK being transferred out of the country at the time of issue, at a cost of approximately $1.9 million to $20 million. The project party stated that law enforcement had been notified and was working with the relevant parties to trace the flow of funds.

Funds transferred after adoption of the proposal

The transfer took place on Monday at around 4 a.m. American Eastern time. The chain records that BonkDao's wallet in the vault is transferred to an address ending with "JHvQ". Bonk characterized the incident as an unusual withdrawal of funds from the vault.

According to the project party, this transfer occurred in the key implementation steps of Bonk Interim #76. The proposal, entitled “Sowellian BonkDAO”, includes the reorganization of the governance structure, the replacement of members and the Commission, and offers arrangements for the disposal of silos and the prevention of further losses.

The proposal undertakes to issue a currency to the address of the affirmative vote.

The proposal also states that the address for which the affirmative vote was cast can be allocated in BONK currency. To date, however, the tokens transferred to the “JHvQ” address have not continued to be distributed to other participants.

BonkDAO states that during the investigation part of the exchange wallet of BONK was identified before the proposal was bought. The project party did not disclose further details but stated that the relevant information had been submitted to law enforcement.

Exchange pause BONK

According to reports, the original “JHvQ” address to which the funds were received was marked by Solana block browser Solscan as being funded through the Bybit account. Subsequently, this batch of BONK was transferred to another Solana address at about 3:30 p.m. American Eastern Time, ending with "eh42".

Following the incident, the Korean Exchange Upbit and the United States Exchange Kraken suspended BONK ' s filling and cashing. According to Upbit, this was based on user protection considerations following a security incident.

As a result of the events, BONK has fallen by about 7 per cent over the past 24 hours, reporting about US$ 0.000043. Compared to the historical high of $0.000058, the currency is currently down by approximately 93 per cent.