A BonkDAO governance attack pulled off on the morning of July 6, 2026 has left one of Solana’s most recognized meme coin communities reeling — and raises uncomfortable questions about how easily decentralized governance can be weaponized against the very communities it’s supposed to serve.
Key takeaways
Approximately $20 million worth of BONK tokens were drained from the BonkDAO treasury through a malicious governance proposal.
4.4 trillion BONK tokens were transferred to a wallet linked to a Bybit account, then moved again to a second Solana address ending in “eh42.”
The exploit was executed through Bonk Improvement Proposal #76, named “Sowellian BonkDAO,” which passed on the project’s own governance platform.
Exchanges Upbit and Kraken both paused BONK deposits and withdrawals following the incident.
BonkDAO has notified law enforcement and is working with the Solana Foundation, centralized exchanges, and network bridges to recover funds.
BonkDAO Treasu
We współpracy z: https://en.cryptonomist.ch/2026/07/07/bonkdao-governance-attack/
