A malicious governance proposal quietly drained approximately $20 million worth of BONK tokens from the BonkDAO treasury this week, exposing persistent vulnerabilities in decentralized autonomous organizations. Only seven addresses participated in the vote, with wallets linked to the attacker controlling nearly 99.9% of the voting weight, according to SlowMist founder Yu Xian. PeckShield monitoring confirmed the exploit and traced roughly $148,000 in BONK sent to an OKX deposit address. BONK’s price fell 9% intraday. BonkDAO stated that investigators identified the exchange accounts used to acquire BONK before the proposal and are now coordinating with exchanges, cross-chain bridges, and the Solana Foundation, while law enforcement has been notified.
Separately, the Ethereum Foundation disbanded its Protocol Support team—the group responsible for organizing core developer calls, tracking upgrade progress, and shepherding EIPs—as part of a broader organizational overhaul. No immediate replacement structure was announced, raising questions about how the multi-client upgrade process will be coordinated. Some community members view the move as a push toward greater decentralization, while others fear it could slow progress on upcoming upgrades.
Meanwhile, BNB Chain unveiled plans for a new Layer-1 blockchain specifically designed for AI agent trading. The testnet is expected before the end of 2026, with mainnet deployment targeted for early 2027. The chain promises sub-50-millisecond transaction preconfirmations, 100,000 TPS, and finality within one second, while eliminating the public mempool to mitigate front-running and sandwich attacks. BNB Chain CTO David Z described it as infrastructure engineered for trading velocity without sacrificing verifiability, with research into quantum-resistant security also underway.
