Four Meme, a BNB Chain-based platform specializing in meme coin launches, has suspended operations following a cyberattack. In an official statement, the project’s team announced that the token launch function has been disabled to conduct an emergency investigation.
“We will compensate affected users. Our team is actively working to fix the vulnerability and strengthen system security,” the statement on X reads.
All affected users can submit claims for reimbursement through a designated form.
How the Hack Happened
According to analytics from SlowMist, the hacker exploited a smart contract vulnerability in Four Meme. The attacker purchased tokens before their official launch using the 0x7f79f6df function, allowing them to create liquidity on PancakeSwap while bypassing transfer restrictions (MODE_TRANSFER_RESTRICTED).
This method enabled the hacker to manipulate liquidity prices and extract funds from the liquidity pool. Analysts have identified transactions confirming the attack:
Repeated Attack and Market Impact
This marks the second major attack on Four Meme in recent months. In February, the platform suffered a similar breach, leading to a temporary halt in token trading on DEX platforms.
Despite these security incidents, interest in meme coins on BNB Chain remains high. Over the past 24 hours, six tokens launched via Four Meme have surpassed $1 million in market capitalization, whereas only one token on PumpFun reached that threshold.
A standout performer is the Mubarak (MUBARAK) token, launched on March 13. The project gained strong support from the Binance community after being mentioned by Binance co-founder Changpeng Zhao (CZ).
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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.