bonkdao

BonkDAO disclosed on platform X that it suffered a malicious governance proposal attack, resulting in approximately 20 million dollars worth of BONK tokens being stolen from the BonkDAO treasury.BonkDAO stated that during the investigation, the attacker was identified using an exchange wallet to purchase BONK before the proposal was initiated, and they are currently collaborating with exchanges, cross-chain bridges, and the Solana Foundation. Additionally, the team has notified law enforcement and continues to work with relevant parties to recover funds and trace the responsible individuals.

ChainCatcher news, BonkDAO plans to burn 16.9 trillion BONK, worth approximately 54.52 million USD, as part of the community holiday event "BURNmas," aimed at increasing the scarcity of BONK.The upcoming burn will account for nearly 1.8% of the total supply of BONK (approximately 92.7 trillion). The officials stated that these tokens will be burned through a multi-signature vote by BonkDAO.

ChainCatcher message, BONK on X indicates that the DAO proposal has passed and completed the destruction of 100 billion BONK on the 15th, amounting to approximately 3.71 million USD. Yesterday, BonkDAO again posted on X stating that the large-scale destruction plan (BURNmas) began at 12:01 AM UTC on November 15 and will end at 12:01 AM UTC on December 24.BONK core contributor @iamkadense stated: "77 trillion BONK have been destroyed, and the daily destruction amount is still increasing. In addition to the recently destroyed 100 billion BONK, another 1 trillion BONK will be destroyed during BURNmas, and the community may not stop there." These destroyed tokens will come from applications within the Solana ecosystem that utilize BONK to achieve one or more functions. According to the official post, these include the destruction from staking on Dragontail, sending Christmas cards using BONKmark, transactions conducted on LiveBonk, and other applications designated by BONK's X account.