Four.Meme under attack, suspends LP token launched on PancakeSwap
The BNB Chain-based meme token platform Four.Meme has suspended trading after suffering a malicious attack. The project announced the incident on Feb. 11, stating that the team had taken immediate action to contain the threat and protect user funds.
According to blockchain security firm PeckShield, the attack led to the loss of approximately $183,000 worth of digital assets. The project did not disclose specific details about the nature of the exploit or potential vulnerabilities in its code.
Four.Meme exploit sees LP token trading suspended
In the platform’s announcement post, Four.Meme assured users that internal funds remained safe and unaffected (SAFU).
“To ensure security, token LP launched on PancakeSwap is temporarily suspended, and will be reopened once our development team completes the fix, on-chain trading is operating normally,” the meme coin launchpad stated.
According to one user on X, the exploit started at around 2:00 AM GMT, when they tried to buy BNC through Four.Meme, but there was not enough liquidity for the launchpad to complete the transaction.
Just tried to buy my first token $BNC on @four_meme_. The second the bonding curve filled it migrated to @PancakeSwap and instantly liquidity was removed. I thought hard scams weren't possible?
Isnt https://t.co/cKERRpmS2Z supposed to be safe?https://t.co/4whJ3gTeXi pic.twitter.com/mCoIPYWgcC
— Minty (@MintysMooners) February 11, 2025
Other users bashed the platform for “reposting” the same message four times announcing the network breach, to prevent users from knowing the incident happened hours ago, while community members tried to warn them.
Ex-Binance CEO Changpeng Zhao was concerned about unexpected traction of the TST token after it appeared in a tutorial video tied to Four.Meme.
Zhao acknowledged that TST’s censorship-resistant nature meant that trading would likely continue, regardless of Binance’s stance.
Addressing broader concerns about token listings, Zhao distanced himself from direct involvement in Binance’s listing decisions.
TST got listed on Binance. A few thoughts:
1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral…
— CZ 🔶 BNB (@cz_binance) February 9, 2025
“I think the Binance listing process is a bit broken. They announce, then list 4 hours later. The notice period is necessary [however] in those 4 hours, the token prices go high on DEXes, [then] people sell on CEX…Not sure if there is a solution for this though. Just beware,” he reckoned.
Zhao suggested that CEXs should move toward automated listing processes. He argued that automating listings could improve efficiency and transparency. CZ also said that his departure from Binance meant he was no longer in a position to implement such changes.
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Four.Meme under attack, suspends LP token launched on PancakeSwap
The BNB Chain-based meme token platform Four.Meme has suspended trading after suffering a malicious attack. The project announced the incident on Feb. 11, stating that the team had taken immediate action to contain the threat and protect user funds.
According to blockchain security firm PeckShield, the attack led to the loss of approximately $183,000 worth of digital assets. The project did not disclose specific details about the nature of the exploit or potential vulnerabilities in its code.
Four.Meme exploit sees LP token trading suspended
In the platform’s announcement post, Four.Meme assured users that internal funds remained safe and unaffected (SAFU).
“To ensure security, token LP launched on PancakeSwap is temporarily suspended, and will be reopened once our development team completes the fix, on-chain trading is operating normally,” the meme coin launchpad stated.
According to one user on X, the exploit started at around 2:00 AM GMT, when they tried to buy BNC through Four.Meme, but there was not enough liquidity for the launchpad to complete the transaction.
Just tried to buy my first token $BNC on @four_meme_. The second the bonding curve filled it migrated to @PancakeSwap and instantly liquidity was removed. I thought hard scams weren't possible?
Isnt https://t.co/cKERRpmS2Z supposed to be safe?https://t.co/4whJ3gTeXi pic.twitter.com/mCoIPYWgcC
— Minty (@MintysMooners) February 11, 2025
Other users bashed the platform for “reposting” the same message four times announcing the network breach, to prevent users from knowing the incident happened hours ago, while community members tried to warn them.
Ex-Binance CEO Changpeng Zhao was concerned about unexpected traction of the TST token after it appeared in a tutorial video tied to Four.Meme.
Zhao acknowledged that TST’s censorship-resistant nature meant that trading would likely continue, regardless of Binance’s stance.
Addressing broader concerns about token listings, Zhao distanced himself from direct involvement in Binance’s listing decisions.
TST got listed on Binance. A few thoughts:
1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral…
— CZ 🔶 BNB (@cz_binance) February 9, 2025
“I think the Binance listing process is a bit broken. They announce, then list 4 hours later. The notice period is necessary [however] in those 4 hours, the token prices go high on DEXes, [then] people sell on CEX…Not sure if there is a solution for this though. Just beware,” he reckoned.
Zhao suggested that CEXs should move toward automated listing processes. He argued that automating listings could improve efficiency and transparency. CZ also said that his departure from Binance meant he was no longer in a position to implement such changes.
Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here
Read More