Someone bought control of a $20 MILLION crypto treasury for roughly $4.4 MILLION

They accumulated enough BONK to cross the voting threshold

Submitted a proposal that would send around 4.43 TRILLION BONK to their own wallet, then left it sitting in public for days while nobody paid attention

Only seven wallets took part in the vote, the attacker used their own holdings to push it through, and once the proposal passed the treasury transfer executed automatically

No smart contract was hacked, no private keys were stolen, no exploit was needed

The system simply allowed someone to spend $4.4 MILLION for the right to move $20 MILLION

That’s the part people should be paying attention to

If the cost of buying the vote is lower than the value of the treasury, the treasury is not protected