BonkDAO treasury drainer who extracted $20M in BONK 10 days ago has begun liquidating tokens on Binance after hedging via perps.

Security & Exploits · 2026-07-16

Someone who extracted $20 million worth of BONK from the BonkDAO treasury approximately 10 days ago has begun liquidating the tokens on Binance. The person transferred 4.4 trillion BONK valued at $15.3 million to a new wallet, then deposited 1.19 trillion BONK worth $4.11 million to Binance over a two-hour period. Prior to moving tokens to Binance, the individual had fully hedged their position using Binance perpetual futures.

Previously on Telem

BonkDAO treasury attacker liquidates $20M BONK position on Binance 2026-07-16
Attacker drains $21.2M from BonkDAO treasury via governance vote 2026-07-07
BonkDAO treasury drained of 20M BONK via malicious governance proposal 2026-07-07