Bonk news

South Korea's top crypto exchange, Upbit, announced the delisting of the Bonk (BONK) meme coin, causing the Solana-based token to fall to its lowest price since November 2023. BONK dropped to an intraday low of $0.00000255 and traded around $0.00000264, down nearly 7% at press time. Upbit cited unresolved security issues, including a $20 million governance attack on BONK's treasury, and a lack of timely disclosures by operators. Trading support for BONK/KRW and BONK/USDT pairs will end on September 7, with a 30-day withdrawal window until October 7. The delisting removes BONK from South Korea's retail liquidity pool, and traders are watching for potential follow-up actions by other Korean exchanges.

An attacker drained about $20 million in BONK tokens from the memecoin project's DAO treasury by spending roughly $4.4 million to buy enough tokens to pass a malicious governance proposal. The proposal transferred the treasury's holdings to a wallet the attacker controlled, then the attacker began selling the tokens. The attack exploited BONK DAO's onchain governance system, where any token holder with enough votes can pass a proposal. The attacker met the quorum threshold of 1% of BONK's supply, buying tokens from exchanges and DeFi platforms. The proposal passed with 99.9% yes votes from just seven wallets, effectively a single voter approving its own transfer. BONK DAO confirmed the incident and is working with exchanges and the Solana Foundation to mitigate fallout. The event has reignited debate on whether such actions constitute theft or exploitation of flawed governance rules.

BonkDAO, the DAO behind the Solana meme coin BONK, was hit by a malicious governance attack that drained approximately $20 million from its treasury. Over 4.4 trillion BONK tokens were transferred to an attacker's address via a passed governance proposal. The team is working with exchanges, bridges, and the Solana Foundation, and has notified law enforcement. Exchanges like Upbit and Kraken have paused BONK deposits and withdrawals. BONK's price fell about 7% in 24 hours, trading near $0.0000043.

BONK DAO confirmed that attackers drained approximately $20 million worth of BONK tokens via a malicious governance proposal. The stolen funds have begun moving to exchanges, prompting collaboration with exchanges, the Solana Foundation, and law enforcement to recover the assets. The attack exploited token-weighted voting on Solana's Realms platform, where the attacker purchased roughly $4 million in BONK to secure enough voting power to approve the treasury transfer. Unlike a smart contract exploit, this governance attack legitimately passed the malicious proposal. The incident has sparked debate over DAO governance security, with calls for stronger safeguards like timelocks and multisignature approvals. BONK's investigation is ongoing, and investors await updates on recovery efforts and potential governance reforms.

Bonk.fun, a Solana memecoin launchpad, announced its domain was hijacked after attackers accessed a team account and deployed a wallet‑draining scheme via a fake terms‑of‑service prompt. Users were warned not to interact with the site. The exploit only affected visitors who signed the fraudulent prompt; wallets previously connected to Bonk.fun and traders using external terminals remained safe. Some users reported losses of about 50 SOL, but the team says the incident was quickly contained and losses appear limited.

Bonk.fun, a Solana‑based memecoin launchpad, reported that its official website was hijacked, enabling a drainer to steal funds from users who accepted a fake terms‑of‑service. Operator Tom said the breach was detected quickly and losses were minimal. The hack underscores the growing sophistication of crypto phishing; Chainalysis estimates $17 billion in scam losses in 2025. The Block, the source, reiterates its editorial independence despite disclosed investors.

BONK.fun, a Solana meme‑coin launchpad, announced that its domain was compromised and a team account used to deploy a wallet drainer. Users are warned to stop interacting with the site as the breach puts on‑chain funds at risk. The incident follows a sharp market‑share decline, from 84% in mid‑2025 to about 7% by year‑end, with competitor Pump.fun now controlling over 70% of the launchpad market. BONK token slipped 0.9% to $0.0559, and the hack deepens trust issues while investigations continue.

Hackers hijacked the bonk.fun domain, the Solana token launchpad backed by Raydium and BONK, and planted a wallet drainer. Operator Tom announced the breach on X, urging users not to use the site. The incident affected only users who accepted a fake terms‑of‑service on the compromised page; no dollar amount was disclosed. Past connections and trades through third‑party terminals remain safe, and the team is working to remediate the issue.

Hackers compromised a Bonk.fun team account and deployed a phishing prompt on the bonk.fun domain, leading the platform to warn users not to visit the site. The prompt asked visitors to sign a fake terms‑of‑service that would authorize transactions draining connected crypto wallets; only users who signed after the breach were impacted. Browser security tools flagged the page for suspected phishing, and the team said rapid detection and social‑media warnings limited potential losses, though no figures were disclosed.

Memecoin market cap hit an 8% surge to $39.45 billion, a two-week high, driven by PEPE (+23.6%), BONK (+10%) and DOGE (+8%) as influencer hype and a 2026 outlook spurred gains. Open interest jumped 77% for PEPE to $441 million and trading volume rose 35% to $4.75 billion, signalling bullish sentiment. The rise follows a 22% rise in TOTAL3, the crypto cap excluding BTC/ETH, which sits in an ascending channel. Analysts say the rally may continue if TOTAL3 overcomes resistance at $848 billion, targeting $900 billion. Sentiment has moved from extreme fear to recovery.