Verify a decision

{"actor":"system:backfill","investigation_id":"c85dfbb1-d4c1-46e9-b925-39f3c9a55cda","kind":"publish","page_slug":"bondly","published_at":"2026-05-27T18:12:33.118Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Bondly","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://iq.wiki/wiki/bondly-finance","type":"other","url":""},{"credibility":3,"name":"https://cryptopotato.com/american-youtuber-logan-paul-teams-up-with-bondly-finance-to-release-nft/","type":"other","url":""},{"credibility":3,"name":"https://dailyhodl.com/2021/02/24/logan-paul-sells-3500000-in-crypto-art-in-just-24-hours-through-polkadot-based-project/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-bondly-finance-hack-july-2021","type":"other","url":""},{"credibility":3,"name":"https://forj.medium.com/bondly-attack-july-14th-2021-postmortem-beb7cf02e9ba","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/bondlyfinanceadminwalletcompromise.php","type":"other","url":""},{"credibility":3,"name":"https://medium.com/mantra-dao/bondly-exploit-how-it-unfolded-on-zenterest-postmortem-d8120d8d784b","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptobriefing.com/bondly-finance-exploited-for-millions-potential-rug-pull/","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-bondly-finance-hack-july-2021","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/bondlyfinanceadminwalletcompromise.php","type":"other","url":""},{"credibility":3,"name":"https://forj.medium.com/bondly-attack-july-14th-2021-postmortem-beb7cf02e9ba","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://forj.medium.com/bondly-attack-july-14th-2021-postmortem-beb7cf02e9ba","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/business/2021/09/17/games-maker-animoca-brands-to-acquire-majority-stake-in-bondly","type":"other","url":""},{"credibility":3,"name":"https://www.animocabrands.com/animoca-brands-to-acquire-majority-stake-in-bondly","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://forj.medium.com/update-on-token-redeployment-8a77bd2347fe","type":"other","url":""},{"credibility":3,"name":"https://tokenclaim.bondly.finance/","type":"other","url":""},{"credibility":3,"name":"https://forj.medium.com/how-to-claim-my-new-bondly-tokens-5d94273d95cf","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/bondly-finance-announces-strategic-rebrand-to-forj-301551278.html","type":"other","url":""},{"credibility":3,"name":"https://www.animocabrands.com/animoca-brands-to-acquire-majority-stake-in-bondly","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/forj","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-bondly-finance-hack-july-2021","type":"other","url":""},{"credibility":3,"name":"https://forj.medium.com/bondly-attack-july-14th-2021-postmortem-beb7cf02e9ba","type":"other","url":""},{"credibility":3,"name":"https://www.quadrigainitiative.com/casestudy/bondlyfinanceadminwalletcompromise.php","type":"other","url":""}]}],"sources_used":[],"summary":"Bondly Finance is a DeFi and NFT protocol launched in September 2020 that suffered a major exploit on July 14-15, 2021, in which 373 million BONDLY tokens were minted via owner-level credentials and sold into liquidity pools, causing an 82% token price collapse and approximately $5.9-7.5 million in losses. The exploit originated from the protocol owner's address, prompting blockchain security firm PeckShield to allege a potential rug pull, though the team attributed it to compromised credentials belonging to CEO Brandon Smith. Following acquisition by Animoca Brands in September 2021 and a rebrand to Forj in May 2022, the project has undergone significant leadership changes; the original founder departed under a cloud of unresolved questions about the exploit's true origin.","timeline":[{"date":"2020-09-01","event":"Bondly Finance launched by founder Brandon Smith on Polkadot blockchain","source":""},{"date":"2021-02-24","event":"Logan Paul NFT drop via Bondly generates approximately $3.5 million in sales in 24 hours","source":""},{"date":"2021-07-14","event":"Attacker pre-funds exploit transactions via Tornado.Cash; 373 million BONDLY tokens transferred from Staking Rewards contract starting at 12:16 AM UTC July 15","source":""},{"date":"2021-07-15","event":"BONDLY token price collapses 82% within hours; Bondly team advises users to stop trading; PeckShield alleges potential rug pull based on owner-address origin of minted tokens","source":""},{"date":"2021-07-16","event":"CEO Brandon Smith voluntarily takes leave of absence; co-founder Harry Liu assumes CEO role","source":""},{"date":"2021-07-19","event":"Bondly publishes initial postmortem attributing attack to compromised CEO password account containing hardware wallet recovery phrase","source":""},{"date":"2021-08-29","event":"Replacement BONDLY token claim portal opens for affected holders","source":""},{"date":"2021-09-17","event":"Animoca Brands announces binding agreement to acquire majority stake in Bondly; Harry Liu confirmed as CEO","source":""},{"date":"2021-11-24","event":"BONDLY token reaches all-time high of approximately $0.202","source":""},{"date":"2022-05-01","event":"Bondly Finance announces strategic rebrand to Forj under Animoca Brands ownership","source":""},{"date":"2022-12-31","event":"BONDLY/Forj token ends year at approximately $0.0052, down roughly 95% from all-time high","source":""},{"date":"2025-01-01","event":"Forj (BONDLY) token price approximately $0.00048, representing a loss of over 99% from all-time high","source":""}]},"v":1}