Specter Traces BONK DAO Governance Attack to Links With Realms Founder and Crypto Notte
AI Market Summary
Specter's findings link addresses tied to a BONK DAO governance attacker with transactions involving the founders of Realms and Crypto Notte. The attacker allegedly pursued a malicious proposal seeking 1% of BONK's circulating supply in voting power and accumulated influence via exchange buys and marginfi loans (~$4m). This raises acute governance-integrity and counterparty-risk concerns, likely weighing on BONK-linked tokens and SOL DeFi sentiment.
Impact level
● Medium
Affected assets
1000BONK/USDT-0.90%
AI Insight · 1000BONK/USDTAI Insight
▼ Bearish
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On-chain investigator Specter reported discovering financial transfers between the founders of Realms and Crypto Notte and wallet addresses tied to the attacker behind a BONK DAO governance incident. Specter said that on June 30, 2026, the attacker submitted a malicious governance proposal seeking voting power equal to 1% of BONK's circulating supply. The attacker then built voting power between July 4 and July 5 through exchange purchases and borrowing on marginfi, with total loan amounts of about $4 million.
