
Hold onto your hats, folks! The meme coin launchpad, Four.Meme, has hit the brakes once again after a hacker pulled the rug out from under them. If you thought meme coins were all fun and games, think again!
The sneaky hacker made off with around 200 BNB, or about $130,000, and zipped those coins over to FixedFloat, a non-custodial exchange. Talk about a heist!
Here's the lowdown: A crafty attacker found a way to muscle in before Four.Meme's official launch by exploiting a function with a name as mysterious as a spy gadget – 0x7f79f6df. This cheeky move let them buy up some tokens early and work their magic on PancakeSwap, setting up a liquidity pool without the usual restrictions. The result? The attacker drained the pool faster than you can say “crypto chaos,” leaving the platform and its users high and dry.
Four.Meme isn't taking this lying down. They've hit the pause button on their launch function and are on a mission to track down the troublemaker. If you're one of the unlucky users caught in this mess, don't worry! The platform is rolling out compensation – just file your claim, and they'll sort you out within a week.
This isn’t Four.Meme’s first rodeo with the hackers. Back in February, they took a hit of $183,000 when another brainy bandit fooled around with liquidity pools on PancakeSwap V3. But fear not, Four.Meme assured everyone then, as they do now, that they're on top of things.
But wait, there's more! The crypto world has been a wild ride this year, with a jaw-dropping $1.6 billion in losses already recorded. If you think that's a lot, February alone saw $1.53 billion vanish across just nine incidents. Centralized finance platforms took the hardest hits, with Bybit losing a staggering $1.46 billion and Infini, a stablecoin bank, down $49.5 million. Yikes!
So, what do we learn from this? In the wild west of crypto, always keep your wits about you and maybe, just maybe, avoid putting all your eggs in one meme basket. Stay safe out there, crypto cowboys!