---
title: "Discussion on \"The $20M BonkDAO Hack Wasn't a Hack: Anatomy of a Governance Attack\" | Hashnode"
description: "Discussion on \"The $20M BonkDAO Hack Wasn't a Hack: Anatomy of a Governance Attack\". No code was exploited. The attacker bought 1% of BONK's supply, met quorum with 7 wallets voting, and drained the treasury legally."
url: "https://hashnode.com/posts/bonkdao-governance-attack-explained/6a50da114c2d9a954e755c1d"
---

[Feed](https://hashnode.com/feed) /

Discussion

# [The $20M BonkDAO Hack Wasn't a Hack: Anatomy of a Governance Attack](https://dishitamalvania.hashnode.dev/bonkdao-governance-attack-explained?utm_source=hashnode&utm_medium=feed)

No code was exploited. The attacker bought 1% of BONK's supply, met quorum with 7 wallets voting, and drained the treasury legally.

Jul 10 · 10 min read · dishitamalvania.hashnode.dev  
Read the article

## Written by

[Dishita Malvania](https://hashnode.com/@dishitamalvania)

@dishitamalvania

  
[View profile](https://hashnode.com/@dishitamalvania)

Crypto journalist covering blockchain, Web3, AI & fintech

Journalist with 3+ years in the crypto and blockchain space. I hold a background in Computer Science and Digital Media, which helps me approach technical stories with both editorial clarity and domain understanding. My coverage spans blockchain ecosystems (Bitcoin, Ethereum, Solana, Cardano, Litecoin), DeFi protocols, crypto regulations, AI in finance, and B2B tech. I've authored over 3,200 articles, and my work has been referenced by publications like The Verge, The Independent, Entrepreneur.com, and Metro.co.uk. I write to inform — not hype.

## Responses

Markdown supported · ⌘↵ to post

No responses yet.