On-chain security researcher Specter posted preliminary findings on X about an alleged BONK DAO governance attack, citing suspicious fund flows between wallets.
According to Odaily, Specter said that after tracing on-chain fund movements, he found indications of transactions between addresses linked to the founder of Realms and Crypto Notte and a wallet believed to belong to the suspected attacker.
Specter stated that the attacker published a malicious governance proposal on June 30, with a passage threshold set at voting power equal to 1% of BONK’s circulating supply.
He added that from July 4 to July 5, the attacker acquired sufficient voting weight by buying tokens through exchanges and borrowing via Marginfi, totaling about $4 million, which he said enabled the proposal to be implemented and the governance attack to be carried out.
Specter Reports Suspected Links Between Realms Founder and BONK DAO Governance Attack Wallet
2026-07-07 12:34:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
