🥁 Get It On, Bang a Gong, Get It On 🛡
BONK Holders Voted Themselves More BONK: That's Not How Money Is Supposed to Work One of the stranger stories in digital currency this week involves the memecoin BONK . According to reports, attackers accumulated enough voting power in the BonkDAO governance system to pass a proposal that transferred roughly $20 million worth of BONK from the project's treasury to wallets they controlled. The incident has reignited debate about whether decentralized governance always produces fair outcomes —or whether it simply rewards whoever owns the most tokens. In the real world, you can't gather a group of shareholders, city council members, or taxpayers and simply vote to give yourselves more money. Laws, regulations, and fiduciary duties exist to prevent exactly that sort of self-dealing . Digital assets often operate under a different set of rules, in which smart contracts automatically execute proposals once they receive sufficient votes. That doesn't necessarily ...