BonkBot
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 49 → 60. Problems weighed by who is responsible: concerns that are not fraud −12.4, problems around the subject, caused by others −4.9; legitimacy credit long-running +2; fact-check adjustments (−13) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -12.4 |
| Problems around it, caused by others | -4.9 |
| Long-running | +2 |
| Sum | 50 |
Score: 60/100 (kept between 0 and 100)
How scoring works →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
8 entities · 60 linked investigations- Jito Labs→mentioned with→Solana(80%)
- Bonk→mentioned with→Solana(80%)
- BonkBot→mentioned with→Solana(80%)
- BonkBot→mentioned with→Solareum(70%)
- BonkBot→mentioned with→Bonk(70%)
- BonkBot→mentioned with→Jupiter Exchange(70%)
- BonkBot→mentioned with→Dogecoin(65%)
- Solareum→mentioned with→Solana(80%)
- BonkBot→mentioned with→wallet drainers(80%)
- BonkBot→mentioned with→Jito Labs(80%)
- + 2 more
Connected Through
8 shared actors · 382 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- △Jupiter Exchangeexchange
- ♦Dogecointoken
- □wallet drainersorganization
Timeline(7 events)
August 2023
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 podcastNovember 2023
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 podcast31 January 2024
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 Floor29 March 2024
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 Finance29 March 2024
Dogecoin developer Mishaboar issued a public warning advising users of all custodial Telegram crypto bots, including BonkBot, to withdraw funds pending security clarification.
CoinGape30 March 2024
Solareum announced it would shut down operations, citing the security breach, insufficient funds, and changing market conditions. No user compensation was announced.
Yahoo Finance9 October 2024
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
- slot 455365614 · hash 6J5hW14n3huJbE6Ez6CWpfjXeWt2CMWq2jmx5tFj3t6m
- slot 425407976 · hash E21u5feZkNJAUhYVTFP6wit7dko6ytQ1MimtrT16pz73
- slot 425407972 · hash 5wx7Xf6FVedaFWodTGr45VPhV5PcjRecphcHRs1Yeroy
- slot 423942047 · hash JB6k3K79bGrE8cnCDY5vwbCL53R3UMzfn2zPBpSLvXgk
- slot 423942041 · hash Dwio93duMTRGeYqCYbVKUERWaMwq4hGEGBEG74de2vc8
- slot 423482130 · hash 7RVuB4EnNVnFBW2SrBX5pwSYDZj2RL6QyMHmFNQw8Aqr
- slot 423482126 · hash HMEr4auzoBveA675qFvxeeanev1fFdYHu52cXrrSow8
- slot 423446844 · hash 9ygq9rneAJqasGJBjYAeXyBwtGgPtJhNS5vWD3N9p4RL
This investigation is cryptographically anchored to the Solana blockchain (8 decisions). 19 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/31/2026, 8:28:02 PM
last updated: 10/10/2026, 6:45:53 PM
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