{"investigation":{"slug":"bonkdao-treasury-governance-attack-july-2026","entity_name":"BonkDAO Treasury Governance Attack (July 2026)","trust_score":0,"severity_base":null,"score_modifier":-12,"confidence":0.88,"status":"published","content_type":"investigation","summary":"On July 6, 2026, an unidentified attacker drained approximately $20 million in BONK tokens from BonkDAO's treasury on Solana's Realms governance platform. The attacker spent roughly $4.4 million to acquire just over the 1% quorum threshold, then passed Bonk Improvement Proposal #76 with 99.9% approval across only seven voting wallets, a turnout of about 2.9%. The attack exploited three compounding governance design failures (a low quorum floor, no execution timelock and no multisig safeguard) rather than any smart contract bug, and is widely described as the most significant governance-attack-as-exploit in Solana DAO history.","sections":[{"content":"BonkDAO, the decentralized autonomous organization governing the BONK memecoin ecosystem on Solana, lost approximately $20 million in BONK tokens on July 6, 2026, in what security researchers have characterized as the most significant governance-attack-as-exploit in Solana DAO history. The attack did not exploit any smart contract vulnerability: every transaction was valid and authorized under BonkDAO's own token-weighted governance rules as implemented on Solana's Realms platform. The attacker spent approximately $4.4 million to acquire voting tokens sufficient to meet the minimum quorum threshold, submitted a proposal containing hidden transfer instructions, cast essentially all participating votes, and triggered an automatic treasury transfer. Reports differ on when BonkDAO confirmed the attack: one account says BonkDAO confirmed the drain on July 6, 2026, while most reporting dates public disclosure to July 7, 2026.","heading":"Incident Overview","sources":[{"url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","name":"BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk","type":"news_article","credibility":1},{"url":"https://www.theblock.co/post/407343/bonkdao-loses-20-million-following-malicious-governance-proposal-attack","name":"BonkDAO loses $20 million following malicious governance proposal attack — The Block","type":"news_article","credibility":1},{"url":"https://decrypt.co/372862/solana-meme-coin-bonk-treasury-drained-20-million","name":"Solana Meme Coin Bonk Treasury Drained of $20 Million in Malicious Governance Attack — Decrypt","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/07/07/bonkdao-hit-by-20m-treasury-drain-in-governance-attack-bonk-slides/","name":"BonkDAO Hit by $20M Treasury Drain in Governance Attack, BONK Slides — The Crypto Times","type":"news_article","credibility":2}],"severity":"critical"},{"content":"The attack unfolded in three phases across eight days. On June 30, 2026, an anonymous wallet submitted Bonk Improvement Proposal #76 ('BIP #76 - Sowellian BonkDAO') on Realms. It was framed as organizational restructuring, claiming to implement Sowellian governance, install new members and council, rebuild from the ashes, monetize holdings and stop the bleeding, with voter rewards offered as an incentive, but it contained a hidden instruction to transfer 4.43 trillion BONK to an attacker-controlled wallet. The proposal sat live for six days before execution. Between July 4 and July 5, 2026, the attacker acquired approximately 882.38 billion BONK, just above the 879.95 billion BONK quorum threshold, at a reported cost of approximately $4.4 million, through purchases on Bybit and Binance and reportedly using a $4 million loan from the MarginFi lending protocol. Purchases were spread across multiple exchange wallets over several days to avoid whale-detection alerts; blockchain analytics reported by Chainalysis and Lookonchain describe voting power being built quietly across multiple days. On July 6, 2026, attacker-linked wallets cast approximately 99.878% of participating voting power. Only seven wallets voted in favor; more than 18,000 eligible holders did not vote, a turnout of approximately 2.9%. The proposal passed with 99.9% approval and Realms executed the treasury transfer immediately and automatically. The 4.43 trillion BONK (valued at approximately $19.3-$21 million at transfer time) moved to an initial receiving wallet ending in 'JHvQ,' which had been funded via a Bybit account. By 3:30 p.m. ET on July 6 the tokens had been moved to a secondary Solana address, EXaJnmrLf7RAKLfn1hehoKX94keKYmvZm5H5zuYVeh42 (ending in 'eh42'); CoinDesk describes approximately $19 million moving to a secondary multisig wallet. Approximately $5.3 million worth of tokens was reportedly sold or offloaded to exchanges within hours, and between approximately $148,000 and $188,000 was sent to OKX, reported by CoinDesk as $188,000 sent to an exchange roughly nine hours after the drain. Stolen tokens were subsequently reported moving to Binance, Coinbase and OKX. The Realms proposal is publicly accessible on-chain.","heading":"Attack Timeline and Methodology","sources":[{"url":"https://cryptoticker.io/en/bonk-dao-governance-attack-20-million-treasury-drain/","name":"BONK DAO Lost $20 Million Without a Hack — CryptoTicker","type":"news_article","credibility":2},{"url":"https://solanafloor.com/news/20-m-of-treasury-funds-lost-in-bonk-dao-governance-blunder","name":"$20M of Treasury Funds Lost in BonkDAO Governance Blunder — Solana Floor","type":"news_article","credibility":2},{"url":"https://crypto.news/the-bonk-governance-attack-how-a-dao-lost-20-million-in-one-proposal/","name":"The BONK governance attack: How a DAO lost $20 million in one proposal — crypto.news","type":"news_article","credibility":2},{"url":"https://sigintzero.com/blog/bonkdao-20m-governance-takeover","name":"BonkDAO $20M Governance Attack: A Bought Vote — SigIntZero","type":"research","credibility":3},{"url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","name":"BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk","type":"news_article","credibility":1},{"url":"https://news.bitcoin.com/bonkdao-treasury-loses-20m-in-malicious-governance-attack-bonk-slides-8/","name":"BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8% — Bitcoin.com News","type":"news_article","credibility":2},{"url":"https://www.techtimes.com/articles/319820/20260707/bonkdao-loses-20m-attacker-buys-quorum-44m-bonk.htm","name":"BonkDAO Loses $20M as Attacker Buys Quorum With $4.4M in BONK — TechTimes","type":"news_article","credibility":2},{"url":"https://www.kucoin.com/news/flash/bonkdao-hit-by-governance-attack-loses-20m-in-bonk-as-upbit-pauses-services","name":"BonkDAO Hit by Governance Attack, Loses $20M in BONK as Upbit Pauses Services — KuCoin","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Halborn and SigIntZero post-mortems identified three compounding structural failures in BonkDAO's Realms configuration, none of which was a smart contract bug. First, the quorum threshold was set at 1% of supply, low enough that a single buyer with approximately $4.4 million in capital could meet it unilaterally; the quorum measured token weight rather than independent participants. Reports differ on the base: most describe 1% of circulating supply, while Halborn's characterization as reported describes 1% of total supply. Second, there was no execution timelock between a proposal's passage and on-chain execution, so Realms executed the treasury instruction automatically with no review window; Realms supports timelock configuration, but BonkDAO had not enabled it. Third, BonkDAO maintained no multisig or council checkpoint for large treasury movements. Researchers noted these were governance parameter choices rather than code bugs, and that token acquisition and vote casting are both permitted actions, so the attack was purely arithmetic: as long as the cost of acquiring quorum (about $4.4 million) was below the treasury value (about $20 million), it was profitable. Realms hosts over 800 DAOs collectively managing more than $1.5 billion in treasuries, and any DAO with token-weighted quorum voting, low participation and no timelock faces the same structural exposure. By contrast, major Ethereum governance systems such as Compound, Aave and Uniswap adopted mandatory timelock queues, typically 48-72 hours for large treasury actions, following earlier governance attack research.","heading":"Governance Vulnerabilities Exploited","sources":[{"url":"https://www.halborn.com/blog/post/explained-the-bonkdao-hack-july-2026","name":"Explained: The BonkDAO Hack (July 2026) — Halborn Security","type":"research","credibility":2},{"url":"https://crypto.news/what-is-a-governance-attack-how-bonkdao-lost-20m-in-a-single-vote/","name":"What is a governance attack? How BonkDAO lost $20M in a single vote — crypto.news","type":"news_article","credibility":2},{"url":"https://sigintzero.com/blog/bonkdao-20m-governance-takeover","name":"BonkDAO $20M Governance Attack: A Bought Vote — SigIntZero","type":"research","credibility":3},{"url":"https://cryptoslate.com/bonkdaos-estimated-20m-drain-exposes-a-serious-security-fault-line-for-memecoin-treasuries/","name":"BonkDAO's treasury raided for $20M due to lack of governance interest — CryptoSlate","type":"news_article","credibility":2},{"url":"https://www.siliconreport.com/bonkdao-loses-20m-in-governance-attack-exposing-procedural-flaws-704960cd","name":"BonkDAO Loses $20M in Governance Attack, Exposing Procedural Flaws — Silicon Report","type":"news_article","credibility":3}],"severity":"critical"},{"content":"On-chain security analyst Specter published a preliminary attribution investigation shortly after the attack, alleging wallet-level exposure between addresses tied to the attacker and wallets connected to the founder of the Realms governance platform and an individual known online as 'crypto_notte,' identified in reporting as an early BONK and Realms user and the founder of Viper Protocol. Specter reported that these parties' wallets shared the same exchange deposit address as a wallet believed to belong to the attacker, and that wallets tied to the incident had conducted multiple transactions with Viper Protocol. The attacker's initial wallet (ending in 'JHvQ') was funded via a Bybit account, identified by Chainalysis according to one report, which investigators noted may hold KYC-verified identity information. Specter explicitly described this as a quick investigation rather than a completed attribution report, stated that the findings do not prove either person carried out the attack, and cautioned that wallet-level exposure can reflect direct transfers, shared counterparties, funding links or other interactions, and that governance attacks often involve exchange funding, wallet splitting, OTC movements and intermediary addresses that create misleading on-chain proximity. The Realms founder has not been publicly named in verified reporting, and no law enforcement charges were announced in available coverage. These attribution claims are low confidence pending a completed investigation.","heading":"On-Chain Attribution and Alleged Links (Low Confidence)","sources":[{"url":"https://cryptoadventure.com/specter-links-bonk-dao-attacker-addresses-to-realms-founder-exposure/","name":"Specter Links BONK DAO Attacker Addresses To Realms Founder Exposure — CryptoAdventure","type":"on_chain","credibility":3},{"url":"https://www.kucoin.com/news/flash/specter-investigates-bonk-dao-governance-attack-linked-to-realms-founder-and-crypto-notte","name":"Specter Investigates BONK DAO Governance Attack Linked to Realms Founder and Crypto Notte — KuCoin News","type":"on_chain","credibility":3},{"url":"https://phemex.com/news/article/specter-links-realms-founder-to-bonk-dao-governance-attack-92683","name":"Specter Links Realms Founder to BONK DAO Governance Attack — Phemex","type":"on_chain","credibility":3},{"url":"https://en.bloomingbit.io/feed/news/115770","name":"BONK Attack Wallet Shows Links to Realms Founder in $20 Million Governance Exploit — BloomingBit","type":"on_chain","credibility":3},{"url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","name":"BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk","type":"news_article","credibility":1}],"severity":"high"},{"content":"BonkDAO publicly confirmed the attack, describing it as a malicious governance proposal that resulted in an unauthorized transfer of approximately $20 million in BONK, and identified the exchange wallets used to buy BONK before the proposal was submitted. The DAO began coordinating with cryptocurrency exchanges, cross-chain bridge operators, the Solana Foundation and law enforcement to trace the funds and pursue possible asset freezes; it confirmed law enforcement notification but did not name the agencies. Upbit and Kraken suspended BONK deposits and withdrawals. The transfer of approximately $148,000-$188,000 to OKX and the Bybit account that funded the initial wallet were cited as potential leads, since they may yield KYC-linked identity information. As of early July 2026 reporting, approximately $5.3 million worth of stolen tokens had allegedly been sold and the remainder moved to a secondary holding wallet; no funds had been confirmed recovered and no arrests had been reported. Analysts characterized full recovery as uncertain because the transactions were authorized under BonkDAO's governance rules, leaving no technical-exploit grounds for a protocol-level reversal. BonkDAO did not immediately announce changes to its governance configuration.","heading":"Response and Recovery Efforts","sources":[{"url":"https://www.cryptowisser.com/news/bonkdao-suffers-20m-usd-treasury-exploit-as-stolen-bonk-heads-to-exchanges","name":"BonkDAO Suffers $20 Million Treasury Exploit as Stolen BONK Heads to Exchanges — CryptoWisser","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/07/07/bonkdao-hit-by-20m-treasury-drain-in-governance-attack-bonk-slides/","name":"BonkDAO Hit by $20M Treasury Drain in Governance Attack, BONK Slides — The Crypto Times","type":"news_article","credibility":2},{"url":"https://crypto.news/bonkdao-reveals-20m-dollars-treasury-raid-attack/","name":"BonkDAO reveals $20M treasury raid after malicious governance attack — crypto.news","type":"news_article","credibility":2},{"url":"https://www.crowdfundinsider.com/2026/07/290028-bonk-memecoin-and-solana-ecosystems-bonkdao-suffers-significant-treasury-drain-in-governance-attack/","name":"BONK Memecoin And Solana Ecosystem BonkDAO Suffers Significant Treasury Drain — Crowdfund Insider","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","name":"BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk","type":"news_article","credibility":1}],"severity":"high"},{"content":"BONK's price fell after the attack became public on July 7, 2026, though reports differ on the size of the drop: 7% to 10% in the following 24 hours in most reports, 8% (Bitcoin.com News), 10% (Yahoo Finance) and more than 9% within hours per KuCoin and CryptoTimes, which also describe a fall from approximately $0.0000044 to lows near $0.0000030. At the time of reporting BONK traded at approximately $0.000004113-$0.000004314, with a market capitalization of roughly $380 million, and trading volume rose more than 48%, consistent with a mix of panic selling and opportunistic accumulation. Upbit, a major South Korean exchange, and Kraken suspended BONK deposits and withdrawals, further disrupting market access. The attacker's subsequent liquidation of stolen BONK, with tokens moving to Binance, Coinbase and OKX, added sustained sell pressure. The drain reduced BonkDAO's effective treasury value by approximately $20 million in a single transaction.","heading":"Market Impact","sources":[{"url":"https://cryptorank.io/news/feed/a182a-bonk-price-today-bonk-at-0-000004113-as-a-20m-dao-drain-explains-the-selling-everyone-felt","name":"BONK Price Today: BONK at $0.000004113 as a $20M DAO Drain Explains the Selling Everyone Felt — CryptoRank","type":"news_article","credibility":2},{"url":"https://www.mexc.com/news/1198992","name":"BonkDAO Hacked: $20M Treasury Drained in Governance Attack — MEXC News","type":"news_article","credibility":2},{"url":"https://coinmarketcap.com/top-stories/6a4cc1dda9331c53b73baeb0/","name":"Bonk (BONK) Drops After $20M Governance Attack — CoinMarketCap Top Stories","type":"news_article","credibility":2},{"url":"https://www.kucoin.com/news/flash/bonkdao-hit-by-governance-attack-loses-20m-in-bonk-as-upbit-pauses-services","name":"BonkDAO Hit by Governance Attack, Loses $20M in BONK as Upbit Pauses Services — KuCoin","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/07/07/bonkdao-hit-by-20m-treasury-drain-in-governance-attack-bonk-slides/","name":"BonkDAO Hit by $20M Treasury Drain in Governance Attack, BONK Slides — The Crypto Times","type":"news_article","credibility":2},{"url":"https://www.coingabbar.com/en/price-prediction/bonk-price-prediction-wobbles-20m-governance-attack-rattles","name":"Bonk Price Prediction Wobbles as $20M Governance Attack Rattles Holders — CoinGabbar","type":"news_article","credibility":3},{"url":"https://news.bitcoin.com/bonkdao-treasury-loses-20m-in-malicious-governance-attack-bonk-slides-8/","name":"BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8% — Bitcoin.com News","type":"news_article","credibility":2},{"url":"https://finance.yahoo.com/markets/crypto/articles/bonk-dao-loses-20-million-180738851.html","name":"BONK DAO Loses $20 Million in Governance Attack, Token Falls 10% — Yahoo Finance","type":"news_article","credibility":2}],"severity":"high"},{"content":"Legal classification of the incident is contested, with commentators divided over whether it was a hack or a permissioned governance action. Criminal defense attorney Carlo D'Angelo argued in a July 8, 2026 analysis that formal compliance with on-chain voting rules does not confer legal immunity and that the incident may support civil claims for conversion and unjust enrichment regardless of whether the vote was technically authorized. He invoked the Mango Markets precedent: Avraham Eisenberg was convicted in 2024 over a $110 million governance-adjacent extraction, though wire fraud charges were partially vacated in May 2025 on reasoning that autonomous code cannot be deceived; prosecutors appealed, leaving the law unsettled. No SEC enforcement action or criminal indictment had been announced as of reporting.","heading":"Legal Classification","sources":[{"url":"https://www.dangelolegal.com/legal-insights/code-is-not-law-what-the-20-million-bonk-dao-governance-attack-means-for-crypto-daos","name":"Code Is Not Law: Lessons From the $20M BONK DAO Attack — D'Angelo Legal","type":"other","credibility":2},{"url":"https://cryptopotato.com/was-it-a-hack-or-governance-bonks-21m-treasury-vote-divides-crypto/","name":"Was It a Hack or Governance? BONK's $21M Treasury Vote Divides Crypto — CryptoPotato","type":"news_article","credibility":2},{"url":"https://cryptoticker.io/en/bonk-dao-governance-attack-20-million-treasury-drain/","name":"BONK DAO Lost $20 Million Without a Hack — CryptoTicker","type":"news_article","credibility":2}],"severity":"high"},{"content":"Security researchers identified the attack as exposing systemic risk across Solana's Realms ecosystem: any DAO using token-weighted quorum voting without timelocks, multisig checkpoints or participation floors faces the same attack surface whenever treasury value exceeds the cost of acquiring quorum. Halborn and crypto.news identified timelocks, higher quorum requirements and multisig safeguards over large treasury movements as the primary mitigations, noting these controls are available on Realms but rarely fully deployed. Reforms proposed in post-mortems include mandatory 24-72 hour execution timelocks on treasury-touching proposals; quorum rules requiring both token weight and a minimum number of independent participants; conviction voting that weights long-term holders over freshly purchased voting power; emergency multisig veto authority for large treasury movements; real-time alerts for rapid voting-power accumulation; and proposal simulation before voting begins. Researchers also noted the related exposure of flash-loan-based governance attacks requiring no upfront capital, which did not apply here. The incident drew comparisons to the Beanstalk flash-loan governance exploit of April 2022 (approximately $182 million) and the 2023 Compound governance incident, and highlighted that Realms had not adopted the defensive standards major Ethereum governance frameworks implemented in prior years.","heading":"Broader DAO Security Implications","sources":[{"url":"https://www.halborn.com/blog/post/explained-the-bonkdao-hack-july-2026","name":"Explained: The BonkDAO Hack (July 2026) — Halborn Security","type":"research","credibility":2},{"url":"https://cryptonews.net/news/analytics/33112280/","name":"Incentivize democracy at the cost of security? Inside Bonk's $20M exploit — CryptoNews Analytics","type":"news_article","credibility":2},{"url":"https://coinpedia.org/news/attacker-drains-20m-from-bonkdao-treasury-through-token-weighted-exploit/","name":"Attacker Drains $20M From BonkDAO Treasury Through Token-Weighted Exploit — CoinPedia","type":"news_article","credibility":2},{"url":"https://finance.yahoo.com/markets/crypto/articles/bonk-dao-loses-20-million-180738851.html","name":"BONK DAO Loses $20 Million in Governance Attack, Token Falls 10% — Yahoo Finance","type":"news_article","credibility":2},{"url":"https://crypto.news/what-is-a-governance-attack-how-bonkdao-lost-20m-in-a-single-vote/","name":"What is a governance attack? How BonkDAO lost $20M in a single vote — crypto.news","type":"news_article","credibility":2},{"url":"https://www.crowdfundinsider.com/2026/07/290028-bonk-memecoin-and-solana-ecosystems-bonkdao-suffers-significant-treasury-drain-in-governance-attack/","name":"BONK Memecoin And Solana Ecosystem's BonkDAO Suffers Significant Treasury Drain In Governance Attack — Crowdfund Insider","type":"news_article","credibility":2}],"severity":"high"}],"timeline":[{"date":"2026-06","event":"Anonymous wallet submits Bonk Improvement Proposal #76 ('BIP #76 - Sowellian BonkDAO') on Realms, framed as organizational restructuring but containing a hidden instruction to transfer 4.43 trillion BONK to an attacker-controlled wallet.","source":"CryptoTicker / crypto.news / CoinDesk","source_url":"https://cryptoticker.io/en/bonk-dao-governance-attack-20-million-treasury-drain/"},{"date":"2026-07","event":"Attacker begins accumulating BONK on Bybit and Binance, reportedly also using a $4 million MarginFi loan, spreading purchases across multiple wallets to avoid detection.","source":"CoinDesk / Phemex","source_url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal"},{"date":"2026-07","event":"Attacker completes acquisition of ~882.38 billion BONK, just above the 879.95 billion (1%) quorum threshold, at a cost of ~$4.4 million.","source":"CryptoTicker","source_url":"https://cryptoticker.io/en/bonk-dao-governance-attack-20-million-treasury-drain/"},{"date":"2026-07","event":"BIP-76 passes with 99.9% approval from seven wallets (2.9% turnout; attacker-linked wallets ~99.878% of votes). Realms automatically transfers 4.43 trillion BONK (~$19.3-$21 million) to the attacker wallet ending in JHvQ.","source":"CoinDesk / The Block / Solana Floor","source_url":"https://solanafloor.com/news/20-m-of-treasury-funds-lost-in-bonk-dao-governance-blunder"},{"date":"2026-07","event":"By 3:30 p.m. ET funds move to secondary address EXaJnmrLf7RAKLfn1hehoKX94keKYmvZm5H5zuYVeh42 (~$19 million, described by CoinDesk as a secondary multisig wallet); ~$148,000-$188,000 sent to OKX and ~$5.3 million reportedly sold or offloaded to exchanges.","source":"CoinDesk / CryptoTicker","source_url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal"},{"date":"2026-07","event":"BonkDAO publicly confirms the attack; BONK falls roughly 7-10%; Upbit and Kraken suspend BONK deposits and withdrawals; BonkDAO announces coordination with exchanges, bridges, the Solana Foundation and law enforcement. Specter publishes preliminary, explicitly non-conclusive attribution findings.","source":"CoinDesk / CryptoTimes / CryptoAdventure","source_url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal"},{"date":"2026-07","event":"Halborn publishes a post-mortem identifying the low quorum, missing timelock and missing multisig as root causes; attorney Carlo D'Angelo publishes analysis arguing on-chain compliance does not preclude civil or criminal liability.","source":"Halborn / D'Angelo Legal","source_url":"https://www.halborn.com/blog/post/explained-the-bonkdao-hack-july-2026"}],"sources_used":[{"url":"https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","name":"BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal — CoinDesk","type":"news_article","archive_url":"http://web.archive.org/web/20260723040604/https://www.coindesk.com/markets/2026/07/07/bonk-faces-usd20-million-treasury-drain-after-attacker-spends-usd4-million-to-pass-malicious-proposal","credibility":1,"archive_timestamp":"2026-07-23T04:06:04+00:00"},{"url":"https://www.theblock.co/post/407343/bonkdao-loses-20-million-following-malicious-governance-proposal-attack","name":"BonkDAO loses $20 million following malicious governance proposal attack — The Block","type":"news_article","archive_url":"http://web.archive.org/web/20260706194036/https://www.theblock.co/post/407343/bonkdao-loses-20-million-following-malicious-governance-proposal-attack","credibility":1,"archive_timestamp":"2026-07-06T19:40:36+00:00"},{"url":"https://decrypt.co/372862/solana-meme-coin-bonk-treasury-drained-20-million","name":"Solana Meme Coin Bonk Treasury Drained of $20 Million in Malicious Governance Attack — Decrypt","type":"news_article","archive_url":"http://web.archive.org/web/20260708180955/https://decrypt.co/372862/solana-meme-coin-bonk-treasury-drained-20-million","credibility":2,"archive_timestamp":"2026-07-08T18:09:55+00:00"},{"url":"https://crypto.news/the-bonk-governance-attack-how-a-dao-lost-20-million-in-one-proposal/","name":"The BONK governance attack: How a DAO lost $20 million in one proposal — crypto.news","type":"news_article","archive_url":"http://web.archive.org/web/20260727094155/https://crypto.news/the-bonk-governance-attack-how-a-dao-lost-20-million-in-one-proposal/","credibility":2,"archive_timestamp":"2026-07-27T09:41:55+00:00"},{"url":"https://crypto.news/what-is-a-governance-attack-how-bonkdao-lost-20m-in-a-single-vote/","name":"What is a governance attack? 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