BNB Chain memecoin platform Four.Meme hit by $183K exploit

2025-02-12 13:17:11 Primitive Reading

From cointelegraph by Zoltan Vardai

The BNB Chain-based memecoin launch platform Four.Meme has suffered a security breach, with hackers targeting the growing liquidity in meme tokens.

“We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue,” Four.Meme said in a Feb. 11 X post.

The platform assured users that internal funds are safe and “unaffected by the attack.”

Still, the Four.Meme exploit on Feb. 11 resulted in the loss of about $183,000 worth of digital assets, according to blockchain security firm Peckshield.

Crypto hacks and exploits continue damaging the industry’s mainstream reputation and adoption. While crypto hacks saw a 44% year-over-year decrease in January 2025, the month still resulted in over $73 million stolen.

Funds lost per attack vector. Source: Cyvers

Moreover, crypto hackers stole $2.3 billion across 165 incidents in 2024, a 40% increase over 2023, when hackers stole $1.69 billion worth of crypto.

Related: Ethereum short positions surge 500% as hedge funds bet on decline

Four.Meme in the spotlight since TST token surge

Four.Meme came into the industry’s spotlight after the rapid rise and fall of the Test (TST) token.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.