Memecoin project BONK has suffered a **$20 million** treasury drain after an attacker exploited its governance mechanism by purchasing **$4 million** in tokens.
BonkDAO, the entity behind the memecoin project, has reported a $20 million theft resulting from a malicious governance proposal.
The Solana Foundation launched a new framework enabling validators with at least 100,000 delegated SOL to publish new protocol proposals.
Solana has launched a new on-chain governance system, Solana Governance Proposals (SGP), requiring validators to stake 100,000 SOL to submit proposals.
Vitalik Buterin stated that indistinguishability obfuscation could enable private, collusion-resistant onchain voting without trusted committees.
A former Ethereum Foundation member warns the network must quickly build new funding institutions as the Foundation steps back.
The Ethereum community is grappling with a contentious proposal to tax staking rewards as an alternative funding model gains traction.
Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, is stepping down, prompting renewed discussions about the organization's leadership.
A new Ethereum governance proposal could allow validators to redirect up to 10% of their staking rewards to fund critical ecosystem projects.
Co-Executive Director Hsiao-Wei Wang has departed the Ethereum Foundation, marking another significant leadership change for the organization.
The Cardano Foundation's 2026 summit has been called off after a crucial funding proposal failed to secure the necessary community backing under the new governance model.