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The DeFi Investor ๐Ÿ”Ž
@TheDeFinvestor
Crypto Analyst. Sharing DeFi updates and crypto strategies. Subscribe to my blog to stay on top of trends:
๊ฐ€์ž… May 2021
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Craziest thing I've seen in a while: โ€ข Someone buys $4M worth of BONK โ€ข Then posts a DAO proposal asking to transfer $20M in BONK to themselves โ€ข Waits 7 days without anyone noticing โ€ข Then votes "yes" with their own BONK holdings, and the proposal passes โ€ข $20M is transferred to them And now the Bonk team has suddenly realized they lost $20M. This wasn't even a hack. The proposal passed because no $BONK holders checked the governance forum. Insane to see the current state of DAOs.
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