The decentralized finance organization that oversees BONK cryptocurrency announced Monday that attackers had drained $20 million worth of coins from the project.

BonkDAO said in a social media post that it was the victim of a “malicious governance proposal,” or an attack in which holders of a large amount of BONK used that leverage to vote more coins into their wallets.

“During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal,” the organization said. Crypto news sites reported that the attackers gathered about $4 million of the coin in preparation. BonkDAO did not report a figure.

The organization said it notified law enforcement and “continues to work with relevant…