The Binance Smart Chain-based platform Four.Meme announced the suspension of its token launch feature following a recent attack. An investigation into the incident has been launched.
Incident Details
Four.Meme confirmed a vulnerability in its liquidity mechanism was exploited to steal funds. Excessive tokens were added to a PancakeSwap pair, allowing the attacker to manipulate prices and drain liquidity.
Background and Previous Attacks
This is not the first time Four.Meme has faced security issues. In February 2025, the platform suffered damages of approximately $183,000 during another attack.
Crypto Security Trends Analysis
According to a PeckShield report, crypto laundering surged to $1.3 billion in 2024, up 280% from 2023. Despite a decline in scam losses, phishing scams remain predominant.
Four.Meme is actively working on fixing the vulnerability and guarantees compensation for affected users. These incidents highlight the necessity for enhanced security in the crypto space.
