On July 7, BonkDAO, associated with the Solana ecosystem meme coin project BONK, experienced a "malicious governance proposal" attack. The attacker successfully executed an abnormal proposal by forging/manipulating governance votes, transferring approximately $20 million worth of BONK tokens from the treasury. The stolen funds have begun flowing to multiple cryptocurrency exchanges, triggering market sell pressure and causing BONK's price to drop over 9%. In response to the risk, South Korean exchange Upbit announced the suspension of BONK deposit and withdrawal services. BonkDAO has stated that it has notified law enforcement and is cooperating with relevant parties to track down the attacker and attempt to recover the funds. This incident once again highlights the potential security risks in DAO governance mechanisms.