DAOUSDT
DAO Maker / Tether USD
crypto Composite

Technically they wrote in the DAO proposal that they were going to install a new BONK council, so if they just steal and dump the funds it could be considered fraud.

No, no, no. My dear peasant. It was meant to provide funds to the people who established the DAO and set up the rules so it benefited them. They made the rules. It's very unfair to you to assume those rules should apply to everyone and be applied equally.
^(/s just in case it's not obvious).

In the twilight between meme and myth, a token emerged—not merely as currency, but as a sigil of rebellion. The Golden Inu, shimmering with the dual light of Ethereum and BNB Chain, was forged to bridge fractured realms of decentralization. Its creators did not seek to mimic the old gods of crypto—they sought to summon a new one.
🪙 The Token as Totem
- $GOLDEN is the lifeblood of a sprawling ecosystem, pulsing through games, apps, and decentralized exchanges.
- It fuels the Golden Treasury, a smart contract that rewards loyalty and sustains the realm through passive income.
- Every transaction feeds the Golden Multi-signature wallet, a vault guarded by collective will, not centralized decree
👥 The Golden Horde
- Not mere holders, but pilgrims of purpose. They gather under the banner of the Inu, believing in a future where value is shared, not hoarded.
- Through quests and bounties, members earn reputation and rewards, transforming speculation into ritual
🧩 The Mythic Mechanics
- Dual-chain deployment ensures interoperability and reach.
- DAO governance empowers the Horde to shape the realm’s fate.
- Burn protocols and liquidity growth mechanisms echo ancient rites of sacrifice and abundance
🌌 The Inuverse Beckons
- A play-to-earn realm is rising, where reputation is earned through deeds, not declarations.
- The Golden Bazaar, a decentralized marketplace, promises to merge the spirit of Shopify with the soul of the Silk Road
🕊️ The Call to the Curious
To hold $GOLDEN is to hold a fragment of a dream—a belief in a decentralized destiny, a rebellion against the gatekeepers of old finance. The Inu does not bark; it beckons

Technically they wrote in the DAO proposal that they were going to install a new BONK council, so if they just steal and dump the funds it could be considered fraud.

No, no, no. My dear peasant. It was meant to provide funds to the people who established the DAO and set up the rules so it benefited them. They made the rules. It's very unfair to you to assume those rules should apply to everyone and be applied equally.
^(/s just in case it's not obvious).

In the twilight between meme and myth, a token emerged—not merely as currency, but as a sigil of rebellion. The Golden Inu, shimmering with the dual light of Ethereum and BNB Chain, was forged to bridge fractured realms of decentralization. Its creators did not seek to mimic the old gods of crypto—they sought to summon a new one.
🪙 The Token as Totem
- $GOLDEN is the lifeblood of a sprawling ecosystem, pulsing through games, apps, and decentralized exchanges.
- It fuels the Golden Treasury, a smart contract that rewards loyalty and sustains the realm through passive income.
- Every transaction feeds the Golden Multi-signature wallet, a vault guarded by collective will, not centralized decree
👥 The Golden Horde
- Not mere holders, but pilgrims of purpose. They gather under the banner of the Inu, believing in a future where value is shared, not hoarded.
- Through quests and bounties, members earn reputation and rewards, transforming speculation into ritual
🧩 The Mythic Mechanics
- Dual-chain deployment ensures interoperability and reach.
- DAO governance empowers the Horde to shape the realm’s fate.
- Burn protocols and liquidity growth mechanisms echo ancient rites of sacrifice and abundance
🌌 The Inuverse Beckons
- A play-to-earn realm is rising, where reputation is earned through deeds, not declarations.
- The Golden Bazaar, a decentralized marketplace, promises to merge the spirit of Shopify with the soul of the Silk Road
🕊️ The Call to the Curious
To hold $GOLDEN is to hold a fragment of a dream—a belief in a decentralized destiny, a rebellion against the gatekeepers of old finance. The Inu does not bark; it beckons

What I'm puzzled by is how did Bonk's team not notice a 1-week DAO vote? I get that almost no one voted, but it's very lazy of the team not to check in on these DAO votes, yea?

This is the part DAO governance has to take seriously.
If a proposal can directly move treasury assets, then the vote is not just a signal. It is an execution path.
Turnout, quorum, proposal review, delays, and treasury limits matter as much as the vote itself. A proposal can follow the rules and still expose a weak governance design.

Genuinely torn on this one. He followed the rules to the letter, and the DAO left the door wide open. Doesn't make it right, but "we got robbed" hits different when the lock was optional and you chose not to use it.

Another day another DAO getting drained by its own voters. The whole "rewards for YES votes" thing should be massive red flag but people just click approve for free tokens anyway

At this point maybe governance tokens need better safeguards than just whoever holds most gets to empty treasury

**Source:** [https://x.com/bonk\_inu/status/2074191403781906800](https://x.com/bonk_inu/status/2074191403781906800)
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.
**Source:** [https://x.com/SolanaFloor/status/2074256389011366166](https://x.com/SolanaFloor/status/2074256389011366166)
BREAKING: BonkDAO says it was hit by a malicious governance proposal that drained an estimated $20M worth of [$Bonk](https://x.com/search?q=%24Bonk%20OR%20solana%3ADezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263&src=smarttag_click) from its treasury.
https://preview.redd.it/8gmf3594csbh1.png?width=680&format=png&auto=webp&s=1f744a0c613a39417ae57612bc67345cddbd65f6
UPDATE: BonkDAO’s $20M drain appears to have been a low-turnout governance takeover.

Attacker-linked wallets acquired a large [$BONK](https://x.com/search?q=%24BONK&src=cashtag_click) position before BIP #76 was pushed. The proposal promised a DAO rebuild and YES-voter rewards, and included a 4.426T BONK transfer from the tr
https://preview.redd.it/x0ofwk58csbh1.png?width=680&format=png&auto=webp&s=adb33ad7144ed0e2b368013d0406bb1a556582dc

I like this framing. I've often thought that the fundamental flaw with a DAO is simply Goodhart's Law.