The wallet behind BonkDAO's $20 million governance attack has parked most of the stolen BONK in a multisig controlled by a newly created shadow DAO.

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.