One wallet spent $4.4 million buying up Bonk tokens on Bybit and Binance, then used that stake to push a governance proposal through BonkDAO’s Realms platform. A week later, with almost no one watching the vote, the DAO’s entire $20 million treasury was gone.

Taylor Monahan traces exactly how the 1% quorum rule let one wallet legally take everything, and Kain Warwick can’t decide if that makes the guy a thief or the DAO’s rightful new king.

Hosts:

• • Kain Warwick – Founder of Infinex and Synthetix
  • Taylor Monahan – Security Expert

Guest:

• • Austin Griffith – Ethereum Foundation Developer and Creator of Scaffold-ETH and SpeedRun Ethereum, and Founder of BuidlGuidl

This clip is from a longer conversation on DAO governance and founder control on Uneasy Money. Full episode here.

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