An address previously linked to a governance attack that drained the BONK treasury transferred 400 billion BONK to a CEX, or centralized exchange, about 20 minutes ago. According to BlockBeats On-chain Detection, the address had earlier spent about $4.4 million to buy enough BONK tokens 10 days ago to reach the voting threshold for governance approval.
It then launched a governance proposal and forced it through, allowing 4.426 trillion BONK to be transferred out of the BONK treasury. The amount was reported to be worth about $21.2 million.
Address Linked to BONK Treasury Drain Transfers 400 Billion BONK to CEX
2026-07-18 12:43:48
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