The platform for launching meme coins, Four.Meme, which operates on the BNB Chain, was targeted by a hacker attack, leading to the suspension of token trading on the decentralized exchange (DEX). According to Four.Meme, the attackers targeted the liquidity provided on the platform.
“We are currently facing a malicious attack, and our team has taken immediate action,” Four.Meme representatives said in a post on X on February 11.
The developers assured that internal platform funds were not affected, and liquidity on PancakeSwap was temporarily frozen to prevent further losses.
Losses and Consequences
According to analytics company Peckshield, the hack resulted in asset losses totaling approximately $183K. This incident adds to a series of attacks on the crypto industry, which continues to face security challenges.
Although the overall damage from hacker attacks in January 2025 decreased by 44% compared to the same period last year, attackers still managed to steal $73 million. In total, 165 attacks were recorded in 2024, resulting in $2.3 billion being stolen — 40% more than in 2023.
Connection to TST and Market Impact
It’s worth noting that Four.Meme gained attention after the launch of the meme coin Test (TST). In February, the token briefly reached a market capitalization of $489 million, but then lost more than 50% of its value, dropping to its current $208 million.
The surge in interest for TST was caused by its name appearing in a tutorial video about the Four.Meme platform featuring former Binance CEO Changpeng Zhao. Despite the developers noting that the token was only used for testing and had no connection to Binance, crypto influencers began promoting it heavily.
CZ also mentioned that the project team had removed the private key for the address associated with TST, which held 0.13% of the total token supply. However, he later wished market participants “happy trading.”
Currently, the developers of Four.Meme are working to address the consequences of the attack and plan to resume trading pool operations once all checks are completed.
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This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.