[Embers: BonkDAO Attacker Spends $4.4 Million to Acquire Enough Votes, Malicious Proposal Passes to Transfer $21.2 Million in BONK] According to on-chain analyst Embers' monitoring, the BonkDAO attacker spent $4.4 million to purchase enough BONK tokens to meet the governance voting threshold. They then initiated a governance attack proposal and voted to transfer $21.2 million worth of BONK from the treasury. The attacker's steps: 1. Initiating the governance proposal: On June 30, the attacker submitted a proposal on the governance platform to transfer 4.426 trillion BONK (worth $21.2 million) from the treasury to a wallet under their control. 2. Buying tokens to vote: The proposal required a minimum of 1% of the tokens, equivalent to 879.95 billion BONK, to vote in favor for it to pass.