Hold onto your hats, crypto enthusiasts, because the meme coin rollercoaster just took another wild dive! Four.Meme, the BNB Chain-based platform known for launching meme coins, has hit the brakes after yet another attack. But don’t worry, they’re promising to make things right for those caught in the crossfire.
So, what went down? Well, it seems like the sneaky bandit of the blockchain world struck again, making off with around 200 BNB (that's a cool $130,000). The crafty thief transferred the loot to FixedFloat, a non-custodial exchange, faster than you can say “blockchain heist.”
The security sleuths over at SlowMist were the first to blow the whistle on this caper. They uncovered that the attacker cleverly manipulated a function to get the inside scoop before the token's grand debut on Four.Meme. By snapping up tokens early and sending them to a PancakeSwap Pair address that was still in the oven, the attacker managed to set the rules of the game and drain the liquidity pool. Talk about a plot twist!
In response, Four.Meme has hit the pause button on their launch function to get to the bottom of this mystery. They're asking affected users to file damage claims for review and are rolling up their sleeves to ensure everyone gets compensated within the week. They’re on it like a detective on a hot trail!
And guess what? This isn't Four.Meme's first rodeo with security issues. Back in February, they faced a similar situation when someone set up a phony liquidity pool, leading to a $183,000 loss. But Four.Meme bounced back, reassuring users that their funds were safe and sound.
This latest incident is just part of a broader trend of crypto chaos. So far in 2025, the industry has taken a $1.6 billion hit from various security breaches. February was particularly brutal, with losses skyrocketing to $1.53 billion across nine major incidents. Centralized finance (CeFi) took the hardest hit, while decentralized finance (DeFi) faced its own set of challenges.
Stay tuned as we keep an eye on this unfolding drama. Remember, in the wild world of crypto, anything can happen!
