The BNB Chain-based meme coin launch platform Four.Meme has once again fallen victim to a cyber attack. A fresh report from blockchain security firm PeckShield indicates that this latest incident resulted in the theft of approximately 200 BNB, valued at roughly $130,000. The stolen funds have already been transacted to FixedFloat, a non-custodial exchange.
Four.Meme Faces Repeated Attacks
In an alarming notification, SlowMist, another renowned blockchain security firm, was the first to sound the alarm regarding the exploit. They disclosed that the attacker took advantage of a specific function, 0x7f79f6df, allowing them to gain an unfair advantage before the official launch of tokens on Four.Meme.
By purchasing a limited number of tokens prematurely, the malicious actor managed to send them to a PancakeSwap Pair address that hadn’t been officially established yet. This maneuver enabled them to create the Pair and inject liquidity without being hindered by transfer restrictions (MODE_TRANSFER_RESTRICTED) designed to prevent unauthorized transactions prior to launch.
This exploitation led to a situation where the attacker could set liquidity at an unintended price, effectively draining the pool’s liquidity and causing considerable financial damage to both the project and its users.
In response to the attack, Four.Meme confirmed the incident and announced that it has suspended its launch function while conducting a thorough investigation. The platform has opened up a channel for affected users to submit damage claims for verification. Once the review is finalized, Four.Meme has pledged to offer compensation to impacted individuals within the week.
“Currently, Four.Meme is under attack, and the launch function has been suspended for emergency investigation. Our team is working hard to fix the problem and ensure system security. Thank you for your understanding and support. We will continue to update the progress.”
This attack is not the first occasion in which Four.Meme has experienced security breaches. In February, the platform suffered a significant exploit that resulted in a loss of $183,000. The attacker set up a fraudulent liquidity pool on PancakeSwap V3 before the legitimate one and manipulated liquidity mechanics, signifying a serious vulnerability in the platform.
As part of their response, Four.Meme paused liquidity functions and reassured users that their funds were secure.
$1.53B Lost to Crypto Hacks in February
The larger crypto industry has not emerged unscathed, with losses amounting to $1.6 billion in 2025 alone. According to a recent report from Web3 security services platform Immunefi, this figure signifies an alarming eightfold increase from last year’s $200 million during the same period. February, in particular, accounted for $1.53 billion in losses stemming from nine major security incidents – representing an 18-fold surge from the $81.6 million reported in February 2024.
Comparing February to January 2025, in which losses equated to $73.9 million, the total losses in February reflect a stark 20-fold increase. Notably, the most significant breaches occurred at Bybit, which lost $1.46 billion, and at Infini, a stablecoin bank, where losses amounted to $49.5 million. Centralized finance (CeFi) was disproportionately affected, representing 95.5% of overall losses from a single incident, while decentralized finance (DeFi) accounted for the remaining 4.5%.
The post Four.Meme Suffers Another Security Breach, $130K Stolen in Latest Attack appeared first on CryptoPotato.
