The platform Four.Meme on BNB Chain faced a significant security issue when hackers stole a considerable amount of funds, amid growing interest in meme tokens, particularly TST.
Attack on Four.Meme
On February 11, Four.Meme confirmed the attack, stating that measures were taken to limit the damage. Blockchain security company PeckShield estimated the losses at $183,000. Cyberattacks on crypto platforms remain a pressing issue, despite a drop in incidents reported in January 2025.
Growing Interest in TST
Interest in Four.Meme platform and TST token surged after the unexpected rise of TST's market capitalization to $489 million, followed by a more than 50% decline.
Binance's Response and Analysis
Binance co-founder Changpeng Zhao noted that the video was not meant as an endorsement, it nevertheless attracted attention to TST. Listing and token sale questions remained prominent, and Binance co-founder Yi He mentioned key factors considered in listing decisions.
The situation with Four.Meme highlights the ongoing security challenges in the crypto industry, particularly amid the rising interest in new tokens and the complexities surrounding their listing.
