The Four.Meme platform announced a trading suspension on February 11 after a malicious attack was detected, resulting in approximately $183,000 in lost digital assets.
Announcement of Trading Suspension
Four.Meme reported that immediate actions were taken to neutralize the threat and protect user funds. Trading of the LP token on PancakeSwap has been temporarily suspended to address vulnerabilities.
Community Reaction
Social media users criticized the platform for repeatedly posting the same message about the attack, leading to misinformation among users.
Changpeng Zhao's View
Former Binance CEO Changpeng Zhao expressed concern over the rising influence of the TST token following its appearance in Four.Meme's tutorial materials, although the company does not endorse it. Zhao believes automated listing processes could improve efficiency and transparency.
Four.Meme is working on mitigating the attack's impact and restoring trading. The team is committed to ensuring the safety of all participant funds.
