[BonkDAO Suffers Governance Attack with Losses of Approximately $20 Million, Upbit Suspends BONK Deposits and Withdrawals] According to a report by Jinse Finance, on July 7, the Solana ecosystem Meme token project BONK's associated BonkDAO suffered a 'malicious governance proposal' attack. The attacker successfully executed an abnormal proposal by forging/manipulating governance votes, transferring approximately $20 million worth of BONK tokens from the treasury. The stolen funds have started flowing into multiple cryptocurrency exchanges, triggering market sell-offs, with the price of BONK dropping by over 9%. South Korean exchange Upbit subsequently announced the suspension of BONK deposit and withdrawal services to mitigate risks. BonkDAO stated that it has notified law enforcement agencies and is working with relevant parties to trace the attacker and attempt to recover the funds. This incident once again highlights the potential security risks in DAO governance mechanisms.