Specter Links BONK DAO Governance Attack to Realms Founder, $4M Borrowing on July 4-5

According to Specter, a blockchain security researcher, on June 30, an attacker created a malicious governance proposal for BONK DAO targeting a voting requirement equivalent to 1% of BONK's circulating supply. Specter's investigation revealed on-chain connections between the Realms founder, Crypto Notte, and addresses linked to the suspected attacker.

Between July 4 and 5, the attacker acquired the necessary voting power through exchange purchases and approximately $4 million in borrowing via marginfi, according to Specter's findings reported by ChainCatcher.