Ladies and gents, gather 'round for the latest scoop from the wild world of crypto! The meme coin launchpad, Four.Meme, is in the spotlight again, but not for reasons you'd want to throw a party about. They've hit the pause button on their operations and are rolling out compensation plans after falling prey to yet another attack.
Here's the juicy bit: the platform, which operates on the BNB Chain, was ambushed, resulting in a heist of around 200 BNB, roughly $130,000. The sneaky funds have already found a new home at FixedFloat, a non-custodial exchange.
The brains over at PeckShield and SlowMist were quick to sound the alarm on this exploit. Apparently, a crafty attacker hitched a ride on the 0x7f79f6df function, giving them a head start on token purchases before they even launched. Talk about cutting in line! By snapping up a few tokens early, this crypto bandit set up shop on PancakeSwap with a brand-new pair and liquidity before anyone could say “go.” This clever move let them sidestep the transfer restrictions meant to keep things above board pre-launch.
This sneaky strategy allowed the attacker to set liquidity prices that drained the pool, leaving Four.Meme and its users in financial hot water.
Four.Meme confirmed the shenanigans and is diving deep into an emergency investigation. They've put their launch function on ice for now and are inviting affected users to file claims for damages. They've promised to make things right with compensation rolling out within the week. Their message to the community? “We're on it, thanks for your patience and support. Stay tuned for updates!”
But wait, there's more! This isn't Four.Meme's first rodeo with security breaches. Back in February, they lost $183,000 to another crafty attacker who set up a fake liquidity pool on PancakeSwap V3 and played around with liquidity mechanics like a crypto magician.
In response to past troubles, Four.Meme hit pause on liquidity functions and assured users their funds were as safe as a digital vault.
Zooming out, the crypto world has seen some serious drama with a staggering $1.6 billion in losses in 2025 alone. That's an 8x jump from the previous year's $200 million. February was especially brutal, with a jaw-dropping $1.53 billion lost across nine major security breaches—an 18x increase from February 2024's $81.6 million losses.
January 2025's losses of $73.9 million look like pocket change compared to February's astronomical figures. The biggest blows came from Bybit, losing $1.46 billion, and Infini, a stablecoin bank, which took a $49.5 million hit. Centralized finance (CeFi) bore the brunt of the damage with 95.5% of losses from a single incident, while DeFi accounted for the remaining 4.5% across eight separate cases.
So, folks, keep your wits about you in the crypto jungle because it's a thrilling ride, but it sure isn't for the faint-hearted!
