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Attackers compromised the $BONK.fun domain and deployed a wallet drainer, forcing the Solana meme coin launchpad to warn users to stop interacting with the site.
The breach comes as $BONK.fun already battles a steep market share decline, having dropped from 84% of Solana’s launchpad market in mid-2025 to roughly 7% by year-end, per Dune data.
Why it matters:
- Users who interacted with $BONK.fun after the breach face direct risk of wallet drainage and total loss of on-chain funds.
- The hack deepens trust erosion at a launchpad already losing users to rival Pump.fun.
- Security incidents at token launchpads expose the broader risk of deploying capital on platforms without multi-factor domain protections.
The details:
- $BONK.fun confirmed on X (Twitter) that “A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything.”
- A team account was taken over and used to run the wallet drainer directly on the platform, per the project’s statement.
- $BONK ($BONK) traded down 0.9% in the 24 hours following the breach, at $0.055879 at time of reporting.
- The incident is under active investigation; no timeline for restoration has been confirmed.
The big picture:
- Pump.fun recaptured over 70% of Solana’s launchpad market by February 2026 after buybacks, scaling upgrades, and its Kolscan acquisition.
- $BONK.fun’s revenue fell to $84,000 by end-2025 versus Pump.fun’s $720,000, per Dune analytics.
- A fee cut to 0% in early 2026 produced only a brief revenue spike before Pump.fun countered with new user incentives.
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