BONK’s treasury was drained of over $21 million after BIP 76, a governance proposal, transferred 4.4 trillion BONK tokens.
According to NS3.AI, the vote reached quorum after a single address holding 882 billion BONK supplied just enough votes to meet the requirement.
The proposal passed with 99.9% support, with only six other voters participating in the decision.
BONK Treasury Loses Over $21 Million After BIP 76 Token Transfer Passes With 99.9% Support
2026-07-07 11:14:44
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