Bonk plummeted on Monday, July 6, after hackers drained nearly $20 million worth of the memecoin from the project’s treasury.

BonkDAO lost $20 million in BONK tokens through a malicious governance proposal on Solana's Realms platform. Here's how the attack worked and what it means.

The Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.