- Four.Meme platform witnessed a major security breach.
- PeckShieldAlert reported that the platform lost about $183K in the attack.
Another day, another vulnerability was exploited in cryptocurrency. BNB Chain’s Four.Meme launch platform has faced a major security breach. The attackers targeted the growing liquidity in meme tokens and swiped $183k worth of assets.
Four.meme is a memecoin launch platform based on the BNB chain. It was launched in July 2024 and enhanced the BNB chain ecosystem by empowering traders, creators, and opportunists.
PeckShieldAlert Reported the $183K Crypto Hack
In today’s X post Four.Meme platform announced that they are experiencing a malicious attack. However, the platform assured the users that their funds were safe and unaffected from the hack.
#PeckShieldAlert @four_meme_ has reported suffering an exploit, resulting in a loss of ~$183K.https://t.co/d84BRJs3nJ pic.twitter.com/4nWmURCmjb
— PeckShieldAlert (@PeckShieldAlert) February 11, 2025
The On-chain Security firm PeckShield reported losses of $183K. Later on Four.Meme platform suspended the token launched on PancakeSwap. Trading will be accessible to users as soon as the platform team fixes the ongoing problem.
The hack comes just a few days after the platform reported a record high in user activity and token launches. According to Dune data, the platform achieved 11,473 unique addresses. However, this metric decreased to 5,301 addresses as a result of the attack.
The unique addresses metric served to illustrate the number of unique addresses on the platform. Additionally, the increase in unique addresses is also a contributing factor as to why attackers targeted the Four.Meme platform.
This is not the first time the crypto industry witnessed these types of cyber attacks. Many such cases have been seen in recent days. In Mid 2024 Solana memecoin launchpad Pump.fun faced a similar type of flash loan attack.
Nowadays the meme coins launchpad are a favorite target of these attackers. The popular platform becomes prey to these attackers. As a result, these vulnerabilities are exploited, causing significant financial losses and shaking the trust of the crypto community.
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