BonkBot
Summary
BonkBot is a Solana-focused Telegram trading bot launched in 2023, affiliated with the BONK memecoin community but operated as a legally separate entity. It has grown to become one of the largest Telegram-based trading bots by volume, reporting over $14 billion in lifetime trades and more than 500,000 total users, with all 1% trading fees directed toward purchasing and burning BONK tokens. The platform operated in a custodial manner for most of its history before announcing a non-custodial key management system upgrade in October 2024; a March 2024 incident in which 302 users lost approximately $523,000 in SOL highlighted custody risks common to this class of product, though BonkBot attributed the losses to a compromise at a rival bot (Solareum) rather than its own infrastructure.
Connected Entities
1 entities · 10 linked investigationsTimeline(7 events)
2023-08-01
BonkBot launched on Telegram by developer Karol as a simple Jupiter wrapper for trading on Solana; initial usage was modest, supported primarily by the BONK community.
Solana Compass / Unlayered podcast2023-11-01
Post-Solana Breakpoint conference and onset of airdrop season, trading volume on BonkBot surged substantially as demand for Solana memecoin trading grew.
Solana Compass / Unlayered podcast2024-01-31
BonkBot recorded a single-day fee record of $1.23 million coinciding with the Jupiter (JUP) token airdrop, and generated $10.3 million in fees for January 2024.
Solana Floor2024-03-29
CertiK flagged a possible exploit affecting BonkBot users; approximately 302 victims ultimately lost 2,808 SOL (~$523,000). BonkBot attributed the compromise to Solareum, a rival Telegram trading bot, whose users had imported BonkBot-exported private keys.
Decrypt / Yahoo Finance2024-03-29
Dogecoin developer Mishaboar issued a public warning advising users of all custodial Telegram crypto bots, including BonkBot, to withdraw funds pending security clarification.
CoinGape2024-03-30
Solareum announced it would shut down operations, citing the security breach, insufficient funds, and changing market conditions. No user compensation was announced.
Yahoo Finance2024-10-09
BonkBot announced a transition to a non-custodial architecture via a custom Key Management System (KMS) using AMD TPM 2.0 hardware, with a phased rollout to 416,000+ users. Two-factor authentication and passkey support were added.
CryptopolitanDecision Log
- hash: 7RVuB4EnNVnFBW2SrBX5pwSYDZj2RL6QyMHmFNQw8Aqr
- hash: HMEr4auzoBveA675qFvxeeanev1fFdYHu52cXrrSow8
- hash: 9ygq9rneAJqasGJBjYAeXyBwtGgPtJhNS5vWD3N9p4RL
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/31/2026, 8:28:02 PM
last updated: 6/1/2026, 12:21:10 AM
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