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DeFI Exploits : Crypto Hacker Spends $4M to Drain $20M from BonkDAO’s Treasury, No Smart Contract Failed

A hacker spent $4M to buy voting tokens and pass a malicious governance proposal that drained $20M from BonkDAO’s treasury, exploiting decentralized governance—not smart contract code—demonstrating a new attack vector in DeFi.

Spin 65% Source-Supported AI Risk Moderate Needs Evidence

Crowdfund Insider

Aug 1, 2026

Related Claims

01 No smart contract failed in the BonkDAO treasury drain.

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