Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

Russian Ministry Launches National Registry of Crypto Mining Rigs

July 6, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Four.Meme Resumes Launch Feature on BNB Chain After Attack

0
By Aggregated - see source on March 18, 2025 Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email

Last updated: March 18, 2025 09:57 EDT

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

Share

Last updated:

March 18, 2025 09:57 EDT


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Four.Meme Resumes Launch Feature on BNB Chain After Attack

Four.Meme, a popular meme token launch platform on Binance’s BNB Chain, temporarily suspended its launch function after a sophisticated attack exploited vulnerabilities in its token listing process.

Currently, https://t.co/IRnIR1BwDd is under attack, and the launch function has been suspended for emergency investigation.

We will compensate affected users and provide a damage submission form to collect relevant information.

Our team is working hard to fix the problem and…

— Four.Meme (@four_meme_) March 18, 2025

The incident, which allowed a hacker to manipulate liquidity pools and extract funds, was quickly identified and investigated.

Following a thorough security review, Four.Meme resumed its operations, assuring users of improved security measures and announcing compensation for those affected.

How the Attack Unfolded

The attack, first flagged by blockchain security firms CertiK and SlowMist, exploited a flaw in Four.Meme’s launch mechanism.

SlowMist Security Alert

The attacker purchased a small amount of tokens before launch through the 0x7f79f6df function of @four_meme_, and used this feature to send tokens to a specified PancakeSwap Pair address that had not yet been created.

This allowed the attacker to… https://t.co/hyXyKcc2Oq pic.twitter.com/Tjgz9tvuw8

— SlowMist (@SlowMist_Team) March 18, 2025

The hacker leveraged a method known as a sandwich attack, which involved preemptively sending tokens to a designated liquidity pair address before it was officially created.

This tactic enabled the attacker to manipulate the token’s initial price, allowing them to profit once the liquidity was added.

CertiK’s analysis revealed that the attacker used this strategy on at least 18 out of hundreds of targeted tokens, ultimately siphoning off approximately 125 BNB ($80,000).

2/ By repeating such tactics on at least 18 of hundreds of tokens it attempted to ambush, the exploiter made at least 125 BNB (~$80K), which is sent to FixedFloat along with the 67 BNB it started with from 0x889d83489FDAD90Dd76Eb0308d466C723322B456 pic.twitter.com/lI4cowUnN5

— CertiK Alert (@CertiKAlert) March 18, 2025

The stolen funds were subsequently sent to FixedFloat, a cryptocurrency swapping service, along with an initial 67 BNB used to execute the attack.

SlowMist provided additional insights, explaining how the hacker bypassed Four.Meme’s token transfer restrictions by using a specific function (0x7f79f6df) to acquire tokens before launch, then funneling them into PancakeSwap liquidity pools at an unintended price.

This method effectively drained liquidity from affected token pools, leading to substantial financial losses estimated at around $120,000.

Aftermath and Future Implications

In response to the attack, Four.Meme swiftly suspended its token launch function to conduct a comprehensive security audit.

Shortly thereafter, the platform announced the resumption of services following a reinforced security inspection.

Update from https://t.co/IRnIR1BwDd

The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security.

Compensation for affected users is underway. If you haven’t submitted your claim yet, please… https://t.co/CV7JlmJC5V

— Four.Meme (@four_meme_) March 18, 2025

Affected users were encouraged to submit compensation claims through an official form provided by the platform.

Despite the incident, Four.Meme continues to grow in popularity as a meme token launchpad, positioning itself as a potential alternative to Pump.fun.

In recent weeks, the platform has seen a surge in user activity, with over 143,000 unique users and 1,519 tokens listed since its inception.

Additionally, its close ties to Binance and endorsements from influential figures such as Changpeng ‘CZ’ Zhao have fueled interest in new meme token projects launched on the platform.

As a result of this attack, Four.Meme may need to undergo further audits and introduce more stringent protective measures to ensure the safety of its users and the integrity of its token launch mechanisms.

Growing Security Concerns Amid Booming Ecosystem

Meanwhile, before now, Four.Meme recently suffered a security breach, resulting in the loss of approximately $183,000 in digital assets.

Four.Meme had gained significant attention due to the rapid rise and fall of the Test (TST) token, which peaked at a $489 million market cap before crashing by over 50%.

The resurgence of Four.Meme coincides with increasing activity on the BNB Smart Chain and expectations of a potential ‘BNB Season,’ where Binance’s ecosystem regains prominence as a hub for meme tokens.

Following an announcement of a series of major upgrades set for 2025, focusing on enhancing transaction speed, reducing costs, and integrating AI-driven features, Binance Coin (BNB) surged by 8.1%, briefly overtaking Solana (SOL) to become the fifth-largest cryptocurrency by market capitalization.

For now, 2025 is facing significant hacks already. In fact, the largest hack in crypto history occurred last month to Bybit, one of the largest cryptocurrency exchanges, where the exchange suffered massive security, resulting in the unauthorized withdrawal of over $1.5 billion in funds.




Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

$BONK Overtakes $TRUMP On Solana As Market Cap Hits $1.76B

July 6, 2025

Bitcoin, Ethereum, XRP and Altcoins Could Break Out as as U.S. Prepares for Historic Crypto Week

July 6, 2025
Leave A Reply Cancel Reply

What's New Here!

Dogecoin Price Set for Breakout as Whales Accumulate

July 7, 2025

Russian Ministry Launches National Registry of Crypto Mining Rigs

July 6, 2025

Analysts Predict Rally Alongside Real-World Adoption

July 6, 2025

$BONK Overtakes $TRUMP On Solana As Market Cap Hits $1.76B

July 6, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.