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BONKfun is back and here’s what happened 👇
On March 11, the BONKfun website was hijacked by a malicious actor via a social engineering targeting our domain service provider. This resulted in the domain being transferred to an external registrar.
The domain service provider has accepted responsibility for transfer, and we have confirmed this incident was not the result of any compromise of BONK or BONKfun internal systems, codebase, or team accounts.
Upon identifying the breach, we immediately took action to:
1) Disable the site
2) Coordinate with wallet providers to flag the domain as malicious
3) Contain further user impact
We’d like to thank @phantom, @solflare, @MetaMask, @_SEAL_Org and all other security partners that helped spread the word quickly.
We estimate the total customer losses at $30,000 and we will be reimbursing affected users at 110% of losses to account for opportunity cost.
As a result of this social engineering on the domain service provider, the BONKfun domain was transferred to an external registrar, and that transfer greatly inhibited our ability to move quickly with relaunching the site in a secure manner.
The domain and domain registration were fully transferred back around 5:00 pm Eastern time on 3/18. Full functionality with major wallet providers was restored late on 3/19, which has now enabled us to safely and securely relaunch the site.
The main BONKfun domain is still experiencing flags from several antivirus software providers, we are working to remove these flags as soon as possible.
For users experiencing issues with BONK.fun due to anti-virus software, letsBONK.fun is also live now and contains the same functionality as the main site.
Ladies and gentlemen, it's time to pass the torch and demote myself to my natural state: a poster. I'll be stepping back from leading product for 𝕏 and will continue on as an advisor.
Serving the X community has been the privilege of a lifetime. X is, and will remain, the most important communication technology in history. But running this app is a 24/7 job and it's now time for me to take a breather.
The app is seeing unprecedented growth in new users & engagement. We continue to break records every month. We've climbed 70 spots in the App Store since this time last year.
And in the last 400 days, we rebuilt almost every aspect of X: the Timeline, the Android app, onboarding, notifications, chat and more.
We also launched nearly 30 new products while protecting the integrity of the town square: becoming the first app to show Country-of-Origin on profiles and mounting defenses against AI bots. There's certainly much more work to be done, but our foundation is stronger than ever.
None of this would have been possible without the incredible team here. The next leaders will take X to even greater heights with @benjitaylor on design, @singhai on core product engineering and @dinkin_flickaa on mobile engineering -- among many other great people.
Thank you to Elon and the X team for welcoming me into the company. See you on the Timeline.
