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how you can legally take $20,000,000 from a wallet
1) you need to find an inactive dao but has a decent treasury
2) you need to buy a lot of tokens related to the dao & initiate a governance proposal
3) don't tell anyone wait few days until the governance proposal passes
4)
BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.
During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is
Readers added context
The proposal to drain BonkDAO's treasury passed legitimately after the proposer bought ~$4.4M in $BONK to meet the 1% quorum threshold and voted yes alone, as only 7 wallets participated out of 18,000+. x.com/lookonchain/st…x.com/chainalysis/st…
