BNB Chain Memecoin Platform Four.Meme Exploited for $183K, Temporarily Halts New Liquidity Pools

BNB Chain-based memecoin launch platform, Four.Meme, has suffered a security breach, resulting in a loss of approximately $183,000 worth of digital assets. The platform, which facilitates the launch and trading of meme tokens, confirmed the attack in a post on X (formerly Twitter) on February 11, stating that it is actively addressing the situation.
In response to the exploit, Four.Meme temporarily suspended the creation of new liquidity pools while the team works to resolve the issue. Despite the loss, the platform assured users that internal funds remained secure and were unaffected by the attack.
Exploit Results in $183K Loss
The exploit was detected by blockchain security firm Peckshield, which estimated the stolen amount to be around $183,000. This attack is part of a broader trend of cyberattacks and exploits within the cryptocurrency space, which continues to damage the industry's mainstream reputation and adoption.
While crypto hacks saw a 44% year-over-year decrease in January 2025, the month still recorded over $73 million in stolen funds. In 2024, hackers stole $2.3 billion across 165 incidents, marking a 40% increase from 2023, when $1.69 billion was stolen.
TST Token Surge Puts Four.Meme in the Spotlight
Four.Meme was recently thrust into the spotlight following the dramatic rise and fall of the Test (TST) token, which was launched on its platform. TST briefly peaked at a market capitalization of $489 million on February 9 before plummeting by more than 50%, currently sitting at a market cap of $215 million, according to CoinMarketCap data.
The token gained attention after it was briefly featured in a BNB Chain tutorial video for Four.Meme, intended only for testing purposes. Following this appearance, China-based influencer communities began promoting the token, which led to a surge in its market capitalization. However, Binance’s co-founder and former CEO, Changpeng Zhao, clarified that the video was "not an endorsement" of the TST token.
Zhao later admitted that Binance’s token listing process had its flaws, particularly highlighting how decentralized exchange (DEX) traders used arbitrage opportunities to exploit the listing, leading to the token's sharp drop in value.
Binance's Response and Transparency
In the wake of the TST token's erratic performance, Zhao acknowledged that the token listing process at Binance was “a bit broken.” He outlined that the exchange would take further steps to enhance transparency in its listing procedures. Binance’s Yi He further explained the primary criteria for listing tokens, which include potential return on investment (ROI), innovation, user growth, and the token’s performance on other exchanges.
As Four.Meme works to resolve the security breach and regain the trust of its users, the broader crypto community remains concerned about the rising number of hacks and exploits that continue to plague the industry.
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