Scooter would’ve been all over this 😭
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Introducing Trench Guard 🪖
To ensure the long-term sustainability of the protocol and protect our global user base, we have implemented strict geographical restrictions following an internal risk assessment. Users in affected jurisdictions will be restricted from accessing the trading terminal. We appreciate your patience as we roll out these updates.
okay i just finished watching this clip and i’d say this is what good leadership in web3 looks like
most projects go quiet when things go wrong. @bonkfun did the opposite → nom jumped on a podcast, broke down exactly what happened with the recent incident, and laid out the response in full detail
the issue came from a third party provider, internal systems were never compromised, but instead of hiding behind that, the team committed to reimbursing affected users at 110%
that’s real accountability imo
what also stood out is the conversation around where bonk is heading.
from a holiday airdrop built to spread positive sentiment to a project with real institutional footprint and nasdaq exposure
the vision is clear and the foundation is community first
if you want to understand how resilient web3 projects are built, this episode is worth your time
Episode 83 with Nom the core contributor of BONK and BONK FUN
We talked about the latest hack and 110% percent of the funds will be returned to the community
Also diving deep in to their institutional side with being publicly listed in on the NASDAQ
And what’s next for the IP
Timestamps:
1:36 Intro with @TheOnlyNom, setting the stage for everything that just happened
5:08 @bonk_inu stepping up, reimbursing 110%, nobody expected to be in this situation
10:24 The scary part, any site using that provider could’ve been hit
20:25 BONK’s origin, holiday airdrop, just trying to bring good vibes
31:33 Then the timeline breaks, a sitting president drops a meme coin
35:55 Returns and risk, you don’t get one without the other
42:29 Learning curve, trial by fire, realizing how deep you actually have to go
52:27 What are you actually proud of building, not just chasing outcomes
57:59 Moving forward, building in public, transparency becoming the strategy
Took the time to listen to Episode 83 and it was actually worth it.
Hearing Nom break everything down gave a much clearer picture of how @bonkfun handled the situation.
Well Most teams go quiet but choosing transparency and still committing to 110% reimbursement stands out.
The part about risk and learning through it really stuck with me.
If you care about how teams respond under pressure this one is worth your time.
