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😳 I just came across this BONK governance story, and it's honestly wild if the reports are accurate.
Apparently, someone accumulated around $4M worth of BONK, then submitted a DAO proposal requesting that 4.4 trillion BONK be sent to a wallet they controlled.
The proposal reportedly sat unnoticed for seven days, with little to no scrutiny. When voting closed, the proposer used their voting power to vote YES, the proposal passed, and the 4.4T BONK was transferred to their wallet.
The tokens were then allegedly sold, resulting in an estimated $20M total return—roughly $16M in profit.
The craziest part? Reports say only one person voted NO, leaving a comment along the lines of: "They didn't specify any clear idea of what they could do differently." 😂
If this is an accurate reflection of what happened, it's another reminder that DAO governance is only as strong as community participation and oversight.
What do you think—governance failure or simply the rules of decentralized voting at work?
#BONK #DAO #Crypto #DeFi #Governance #So