IASNOB

Description

The bad news is we got hacked. One small mistake and a targeted wallet drainer was able to steal all of the liquidity positions for $BONSAI including ~57 million coins across Lens and Base. This incident is very regrettable, especially for a team that has never had a security exploit or incident in their 5+ years of working in crypto; but the only true mistakes are the ones you make twice. The first piece of good news is that no other wallets, token balances, smart contracts, frontends, or products have been compromised. The incident is fully contained to a single wallet that was drained. The second piece of good news is that this gives us a chance to do a full reset on the project. The truth is, Bonsai lost its momentum over a year ago and - like 99% of meme coins - never ever recovered. All attempts to revitalize the project since then were unsuccessful and have only seen worsening distribution and liquidity dynamics making the project even less desirable to buy into no matter the support of the community or the products being developed. Today that changes. We just launched a new token $IASNOB - exclusive to LC - and it’s being airdropped to your wallets 1:1 matched with your $BONSAI balance (snapshot taken 8/27). Team balances (4 unique wallets) have been reduced by about 46% so that the total airdrop comes to exactly 500 million tokens. The remaining 500m are deposited into a new pool, available to trade on oku.trade for a total supply of 1 billion. CA: 0x302AC2BF6D20572F125e21bEB83e5a4e5F1Fe4B5 https://explorer.lens.xyz/address/0x302AC2BF6D20572F125e21bEB83e5a4e5F1Fe4B5 The $IASNOB pool is initially launched as a one sided pool, ranging from a starting price of 0.0001 GHO to 10 GHO and all liquidity is locked for a year - this is the contract where the LP position is locked. Updated security measures include new separation of admin wallet keys. In addition to the liquidity lock, the admin wallet that was on our server has been replaced with an executor address that has execution scope limited strictly to the liquidity release function on the launchpad meaning that even if it was leaked again the fallout would be inconsequential. All owner and custody permissions have been rotated to new keys that are stored solely in cold storage environments. The current launchpad will be live until early next week, at which point it will be fully migrated to $IASNOB. $BONSAI is dead; long live $IASNOB.