The BONK Treasury Attacker Transferred Approximately $1.19 Million in Tokens to Coinbase

BlockBeats News, July 18th, according to The Block data, the address that previously drained the BONK treasury through a governance attack transferred another 400 billion BONK tokens (approximately $1.19 million) to Coinbase 20 minutes ago.

The same address had spent about $4.4 million 10 days ago to purchase enough BONK tokens to reach the governance voting threshold. Subsequently, they proposed a governance proposal and forcefully passed it, moving 44.26 trillion BONK tokens from the BONK treasury, worth around $21.2 million.