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BonkDAO Attacker Moves $19M Loot Into New 'BONK 2.0' DAO

The wallet responsible for BonkDAO's $20 million governance attack has moved most of the stolen BONK tokens into a new multisignature wallet controlled by a shadow DAO called 'BONK 2.0', according to Chainalysis.

AS1 NewsSource: thedefiant.io

bonkdaosecurityhackingblockchaincryptosecuritydao

The attacker behind BonkDAO's recent governance attack, which resulted in the theft of approximately $20 million worth of BONK tokens, has transferred most of the stolen tokens into a newly created multisignature wallet. This wallet is controlled by a shadow DAO named 'BONK 2.0'. Chainalysis, a blockchain analytics firm, reported this activity on its official X account. The creation of this shadow DAO and the movement of stolen assets suggest an attempt to organize and possibly further manipulate or control the stolen tokens. Such actions highlight ongoing security challenges within the BonkDAO ecosystem and raise concerns about the safety of assets on the network.

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The movement of stolen tokens into a shadow DAO could complicate efforts to recover assets and indicates ongoing malicious activity targeting BonkDAO.