{
  "type": "article",
  "title": "Rigged Governance Vote Empties $20 Million From Bonk's Treasury on Solana",
  "summary": "Attackers pushed through a malicious governance proposal and drained more than 4.4 trillion BONK tokens, worth roughly $20 million, from the BonkDAO treasury tied to Solana's popular meme coin.",
  "content": "The community treasury behind Bonk, one of Solana's best known meme coins, has been emptied of roughly $20 million after attackers pushed through a rigged governance vote and made off with the funds. The project has described the incident as a \"malicious\" governance attack on BonkDAO, the decentralized autonomous organization tied to the token.\n\nThe team that runs the meme coin and its various projects said it is working with centralized exchanges, network bridges, and the Solana Foundation as it deals with the fallout.\n\n \n\nHow the attack unfolded\nLabeled a \"drain\" by the project, the theft took place around 4:00 a.m. ET on Monday. That is when more than 4.4 trillion BONK tokens, worth $19.3 million at the time, were moved out of the treasury wallet to an address ending in \"JHvQ.\"\n\nThe transfer was buried as the second key instruction inside Bonk Improvement Proposal #76, a governance proposal that was submitted and then passed using BonkDAO's own governance platform.\n\nThe proposal that hid the theft\nTitled \"Sowellian BonkDAO,\" the proposal claimed it would \"implement Sowellian governance, install new members and council, rebuild from the ashes, monetize holdings, and stop the bleeding.\" It also promised that everyone who voted \"yes\" would be eligible to receive BONK tokens.\n\nBut the tokens that landed in the \"JHvQ\" wallet were never handed out to anyone. According to Solana blockchain explorer Solscan, that wallet was funded through a Bybit account. Instead of being distributed, the tokens were moved again around 3:30 p.m. ET to a different Solana address ending in \"eh42.\"\n\nExchanges hit pause\nBonkDAO said on X that its investigation had already turned up leads. \"During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal,\" the account posted. It added, \"Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible.\"\n\nCrypto exchanges have responded quickly. South Korean exchange Upbit and American exchange Kraken have both suspended deposits and withdrawals of the BONK token, with Upbit citing \"user protection measures following the circumstances of a security incident.\"\n\nPrice takes a hit\nBONK, once a top 100 crypto token by market cap, has slipped around 7% over the last 24 hours to trade near $0.0000043. That leaves it roughly 93% below its all-time high of $0.000058.\n\nWhat this means for you\n• For investors: BONK holders are nursing losses, with the token down about 7% in 24 hours to $0.0000043, some 93% below its all-time high.\n• On trading: Upbit and Kraken have frozen BONK deposits and withdrawals, so you cannot move the token in or out on those exchanges for now.\n\nQuestions & Answers\n\n1. How much was stolen from the BonkDAO treasury?\nRoughly $20 million worth of BONK tokens was drained from the treasury, valued at $19.3 million at the time of the transfer.\n\n2. How was the attack carried out?\nThe attackers submitted and passed a governance proposal called Bonk Improvement Proposal #76 on BonkDAO's own platform, which secretly contained the instruction to move the tokens.\n\n3. How many BONK tokens were taken and where did they go?\nMore than 4.4 trillion BONK tokens were sent to an address ending in \"JHvQ,\" then later transferred to a different Solana address ending in \"eh42.\"\n\n4. Which exchanges have restricted BONK?\nSouth Korean exchange Upbit and American exchange Kraken have both paused deposits and withdrawals of the BONK token.\n\n5. How did the incident affect BONK's price?\nBONK fell around 7% over 24 hours to trade near $0.0000043, roughly 93% below its all-time high of $0.000058.\n\n6. Have those responsible been identified?\nBonkDAO said it has identified the exchange wallets used to buy BONK ahead of the proposal, notified law enforcement, and is still working to recover the funds.",
  "url": "https://trendkia.com/en/crypto/pharji-votinga-ke-jarie-bonk-ke-khajane-se-urae-2-karora-dolara-ke-tokana-5313",
  "category": "Crypto",
  "publishedAt": "2026-07-06",
  "tags": [
    "Bonk",
    "BonkDAO",
    "Solana",
    "crypto hack",
    "governance attack",
    "meme coin",
    "cryptocurrency"
  ],
  "language": "en",
  "site": "TrendKia"
}