BonkDAO, the decentralized autonomous organization tied to the Solana-based memecoin BONK, said Monday it was the target of a malicious governance proposal that drained an estimated $20 million worth of BONK tokens from its treasury, according to a post on its official X account. The DAO said the… According to The Defiant, bonkdao, the decentralized autonomous organization tied to the solana-based memecoin bonk, said monday it was the target of a malicious governance proposal that drained an estimated $20 million worth of bonk tokens from its treasury, according to a post on its official x account. the dao said the…. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
