The Four.Meme platform suffered an attack leading to significant asset loss. This article discusses the incident details and market reaction.
Attack Details
Four.Meme, a memecoin launch platform on Binance Smart Chain, announced it was hit by a malicious attack, leading to the temporary suspension of its token liquidity pool on PancakeSwap. The platform reassured users that internal funds were secure and unaffected by the exploit. However, the attack resulted in a loss of approximately $183K worth of digital assets, as reported by blockchain security firm PeckShield.
Previous Incidents
The Four.Meme exploit is not the first incident affecting crypto platforms. In January 2025, the Gem Pad platform also suffered an exploit, leading to an estimated $2.2 million loss across multiple chains and tokens.
Crypto Market Reaction
Despite the incident, the impact on the memecoin's native token (MEME) was minimal. According to Coinmarketcap, its value rose by about 5% in the past 24 hours. Recently, Four.Meme was in the spotlight when the BNB Chain team launched a test token, TST, which peaked at $0.52. However, Binance founder CZ clarified that TST was not related to BNB Chain, and its price has since dropped to $0.22. BNB Chain continues its expansion, recently surpassing 500 million unique active addresses.
Security remains a critical concern for the crypto industry, and incidents like the Four.Meme attack highlight the importance of ongoing monitoring and enhancement of protective measures.
