PromoWires
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⚠️JUST IN: Solana Meme Coin Bonk Treasury Drained of $20 Million⚠️
The perpetrator acquired sufficient quantities of the memecoin's tokens to approve a governance proposal that transferred the group's holdings to a wallet under their control, subsequently initiating sales.
The perpetrator expended approximately $4.4 million purchasing the project's BONK tokens to compel the approval of the vote. Each step constituted a legitimate transaction—including the acquisition, the vote, and the payout—yet collectively they executed a theft.
❗️That specific design was the weapon utilized in this attack. BONK prices have declined by 7% in the past 24 hours, data shows, in the aftermath of the attack.
@PromoWires 🔥
Credit - @rich_nga
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