Episode
How An Attacker Stole $20M From BonkDAO Using Its Own Rules | CoinDesk Daily
- Podcast
- CoinDesk Podcast Network
- Published
- Jul 7, 2026
- Duration seconds
- 104
- Processing state
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- https://traffic.megaphone.fm/CDI9150120190.mp3
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Summary
Inside BONK's $20M attack. An attacker spent $4.4 million buying BONK tokens, passed a malicious governance proposal with just 7 wallets voting, and walked away with $20 million from the treasury — without hacking anything. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at ledn.io - JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading - This episode was hosted by Uyen Truong “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.