$ARB
Fading QuicklySnapshot Window: 2026-07-08 05:30 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
This wasn’t a smart contract hack. It was a governance attack on BonkDAO that drained over 20M. Someone spent roughly $4M buying BONK, hit the low 1% quorum, and forced through a malicious proposal to empty the treasury. Classic “buy the vote” exploit. It’s a sharp reminder [Spoken audio]: This wasn't a smart contract hack. It was a governance attack on Bonk Dao that drained over 20 million Someone bought votes to force through a malicious proposal. Daos are too easy to game without safeguards We need time locks, higher quorums and real participation. How should Dao security evolve?
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