# Governance Takeover, a Signing-Library Flaw, and a Laser: July's Security Ledger

A $20 million treasury drain at BonkDAO, a $2.4 million Cardano wallet exploit, and a lab attack on Tangem cards show losses arriving through governance, code, and hardware alike.

- Published: 2026-07-11T05:31:02.118Z
- Canonical: https://polylog.news/crypto/2026-07-11/governance-takeover-a-signing-library-flaw-and-a-laser-july
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [Rekt News](https://www.rekt.news/)

Recent on-chain thefts arrived through three distinct routes, none of them a classic smart-contract reentrancy. BonkDAO lost roughly $20 million from its treasury on July 6 in a governance attack: the attacker spent about $4.4 million to ac…

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