Uploaded July 2026 | Updated September 2026, 3 weeks ago
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 - Host of Uneasy Money and Founder of Infinex and Synthetix - https://x.com/kaiynne
⭐️ Taylor Monahan - Co-host of Uneasy Money and Security Expert - https://x.com/tayvano_
Guests:
⭐️ Austin Griffith - Ethereum Foundation developer and creator of Scaffold-ETH and SpeedRun Ethereum, and founder of BuidlGuidl - https://x.com/austingriffith
This clip is from a longer conversation on DAO governance and founder control on Uneasy Money. Full episode here: youtube.com/live/Gjo8Y_9N1nU
We go live every Wednesday at 4pm ET - subscribe to catch it live.
Sponsor:
⭐️ Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters:
🏛️ 00:00 BonkDAO turns out to be a DAO
💰 00:33 The $20 million treasury and the wallet quietly buying up Bonk
🗳️ 01:19 The 1% quorum rule that let a single wallet's vote count
🤖 01:46 Inside the “Sowellian” governance proposal that triggered the transfer
⏳ 03:59 Why nobody caught the week-long vote before the funds moved
⚖️ 04:43 Is this theft, or just governance working as designed?
👑 05:27 The punchline: BonkDAO has crowned a new king
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
_______________________________________________________
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
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 - Host of Uneasy Money and Founder of Infinex and Synthetix - https://x.com/kaiynne
⭐️ Taylor Monahan - Co-host of Uneasy Money and Security Expert - https://x.com/tayvano_
Guests:
⭐️ Austin Griffith - Ethereum Foundation developer and creator of Scaffold-ETH and SpeedRun Ethereum, and founder of BuidlGuidl - https://x.com/austingriffith
This clip is from a longer conversation on DAO governance and founder control on Uneasy Money. Full episode here: youtube.com/live/Gjo8Y_9N1nU
We go live every Wednesday at 4pm ET - subscribe to catch it live.
Sponsor:
⭐️ Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED).
Chapters:
🏛️ 00:00 BonkDAO turns out to be a DAO
💰 00:33 The $20 million treasury and the wallet quietly buying up Bonk
🗳️ 01:19 The 1% quorum rule that let a single wallet's vote count
🤖 01:46 Inside the “Sowellian” governance proposal that triggered the transfer
⏳ 03:59 Why nobody caught the week-long vote before the funds moved
⚖️ 04:43 Is this theft, or just governance working as designed?
👑 05:27 The punchline: BonkDAO has crowned a new king
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
_______________________________________________________
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
