BONK Governance Attacker Completes Liquidation, Cashes Out Approximately $13.58 Million

TechFlow reports that on July 20, according to monitoring by on-chain analyst Yu Jin (@EmberCN), the attacker who previously drained the Bonk treasury through a governance proposal completed a full liquidation 30 minutes ago, transferring the remaining 400 billion BONK (approximately $1.17 million) to Coinbase.

The attacker spent $4.4 million 13 days ago to purchase sufficient BONK to reach the governance voting approval threshold, subsequently initiated a governance proposal, successfully transferred all 4.426 trillion BONK (valued at approximately $21.2 million at the time) from the Bonk treasury, and gradually transferred them to centralized exchanges to cash out. Affected by their continuous sell-off, the BONK price fell cumulatively by approximately 40%, with the final cash-out amount totaling approximately $13.58 million and net profit approximately $9.18 million.