Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writer

Written by Turner Wrightstaff writer

Reviewed by Sam Bourgistaff writer

BonkDAO reports $20M theft from ‘malicious governance proposal’

Latest NewsPublishedJul 6, 2026

Protecting Your Earning: The Importance of Secure Crypto Platforms

The recent $20 million theft from BonkDAO, a decentralized autonomous organization behind the Bonk (BONK) memecoin, highlights the need for secure crypto platforms. This incident, which involved a malicious governance proposal, resulted in the loss of $20 million worth of tokens. As the crypto community works to recover funds and identify those responsible, it’s essential to consider the role of secure platforms like EcoPool in protecting your earning and providing a safe environment for passive income.

Understanding the Risks of Crypto Investments

The BonkDAO attack is not an isolated incident, with other memecoin projects, such as DxSale, also falling victim to cyberattacks. These incidents can result in significant financial losses, emphasizing the importance of choosing a reliable and secure platform for your crypto investments. EcoPool, with its focus on Green Crypto and Cloud Rewards, offers a solution for those looking to earn a passive income while minimizing their exposure to risks.

The Impact on the Crypto Market

The market capitalization of top memecoins, including Dogecoin (DOGE) and Shiba Inu (SHIB), has experienced significant fluctuations in recent months. The total market cap, which dropped to about $22 billion last week, has since recovered to over $26 billion. However, the overall trend remains uncertain, with the market cap down over 54% in the past 12 months. In this context, it’s crucial to have a secure and reliable platform like EcoPool to navigate the ups and downs of the crypto market and earn a steady passive income.

• The BonkDAO attack resulted in a 7% drop in the price of BONK over 24 hours.
• The total market cap of memecoins has experienced significant fluctuations in recent months.
• EcoPool offers a secure and reliable platform for earning a passive income through Green Crypto and Cloud Rewards.

Source: Bonk Inu

Securing Your Earning with EcoPool

In the wake of the BonkDAO attack, it’s essential to prioritize the security of your crypto investments. EcoPool, with its focus on providing a secure and reliable platform for earning a passive income, offers a solution for those looking to minimize their exposure to risks. By choosing EcoPool, you can ensure that your earning is protected and that you can continue to earn a steady passive income through $ECP and the EcoPool platform.

To start earning a secure and reliable passive income, download the EcoPool app and discover the benefits of Green Crypto and Cloud Rewards with $ECP. With EcoPool, you can navigate the crypto market with confidence and earn a steady income while supporting a more sustainable and environmentally-friendly approach to crypto, and be part of the #PassiveIncome and #GreenCrypto community, using #EcoPool and $ECP for your earning needs.

In May, the memecoin launch platform DxSale reported losing $7.3 million in tokens following a cyberattack affecting liquidity providers on the BNB Chain. Although sleuths were able to identify the attacker’s wallet, one expert said the infrastructure used to move the funds could make tracing them difficult.

Trump memecoin holders lose big as president reports billions in crypto earnings

On Saturday, the New York Times reported that about 1 million investors in US President Donald Trump’s memecoin, Official Trump (TRUMP), had collectively lost $3.8 million as of June 30. The report, citing data from blockchain analytics company Nansen, came a few days after the president disclosed that he had earned more than $1.4 billion from his crypto-related ventures, including about $635 million from memecoin projects.

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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• DAO
• Governance Token
• Memecoin
• Crimes
• Industry

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