BONKfun, the popular Solana-based meme coin launchpad, has resumed operations after a domain hijack on March 11 that caused roughly $30,000 in losses. The team confirmed the attack was a social engineering effort targeting its domain provider, not internal systems or smart contracts. Only users who signed fake terms on the compromised site were affected.
How the Attack Unfolded
Attackers gained control of the BONKfun domain by tricking the domain service provider. The team quickly took down the website and coordinated with wallet providers like MetaMask, Phantom, and Solflare to flag the hijacked domain as malicious. The domain was recovered by March 18, with full wallet functionality restored a day later. Although some antivirus software still flags the main domain, a mirror site is now live to ensure uninterrupted access.
110% Compensation Plan
A key part of the relaunch is a commitment to repay affected users at 110% of their losses—full reimbursement plus an extra 10% to cover opportunity costs. Many industry platforms have praised the move, but the team has yet to release detailed claim procedures. Users are advised to prepare transaction proofs and wait for official instructions.
BONK Price Under Pressure
BONK token price slipped 2% in the last 24 hours to $0.055955, underperforming a slightly positive broader market. The hack triggered short-term sell-offs, but broader pressure comes from a weak meme coin market on Solana, where capital is shifting to utility tokens. If selling continues, BONK may retest key support levels; a recovery depends on whether the relaunch restores user confidence.
BONKfun is back online, but trust takes time. The platform's ability to balance growth and security will determine its role in the BONK ecosystem in the weeks ahead.