BonkDAO treasury drained of $20M in BONK tokens; attacker now liquidating position through Binance after hedging on perps.
Security & Exploits ·
An individual who accessed $20M in BONK tokens from the BonkDAO treasury ten days prior has begun converting the stolen assets to fiat. The person moved 4.4T BONK worth $15.3M to a separate address and deposited 1.19T BONK ($4.11M) to Binance over a two-hour window. The attacker established a short hedge on Binance perpetuals futures before initiating any transfers to the exchange.