PeckShieldAlert

BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury. During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is currently actively working with exchanges, bridges and Solana Foundation to best manage the situation. Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible.

⚠️ Security Notice 1/2: We have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security assumptions of all bridges deployed on Taiko can no longer be relied upon. We are actively coordinating with the Security Council and ecosystem partners to contain the incident, pause affected systems where possible, and take all necessary technical and legal actions. We strongly advise all users to withdraw their funds from all bridges deployed on Taiko immediately. Further updates will be provided as more information becomes available.

We're acutely aware of the $MIM depeg and are taking emergency actions to remedy the situation. Effective immediately, we will begin gradually increasing interest rates across all Cauldrons, including deprecated markets, to encourage debt repayment and reduce outstanding $MIM supply. The current depeg creates a natural incentive for borrowers to repay debt at a discount, accelerating supply contraction and strengthening the path back to peg. Direct incentives will be temporarily stopped as well as Curve bribes until $MIM returns to peg. Our priority is simple: restore confidence, improve market structure, and return $MIM to a healthy (and liquid) peg. Additional recovery initiatives are being evaluated and will be communicated as they are finalized. Thank you to everyone supporting the ecosystem during this period. 🧙