Ripple CTO Emeritus: Why $20 Million BonkDAO Governance Vote Is Corporate Fraud
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and U - are covering this story. TL;DR: A manipulator withdrew 4.42 trillion BONK tokens (equivalent to $20 million) from the BonkDAO treasury using the voting system itself. The attacker acquired approximately 1% of the total BONK supply on centralized exchanges to secure…
All coverage
Ripple Co-Founder Slams $20M BonkDAO Vote, Calls It “Corporate Fraud”
TL;DR: A manipulator withdrew 4.42 trillion BONK tokens (equivalent to $20 million) from the BonkDAO treasury using the voting system itself. The attacker acquired approximately 1% of the total BONK supply on centralized exchanges to secure…
Ripple CTO Emeritus: Why $20 Million BonkDAO Governance Vote Is Corporate Fraud
Ripple’s David Schwartz warns that "code is law" will not stop criminal liability in light of the $20 million BonkDAO exploit.