On March 18, 2025, Binance’s memecoin platform Four Meme resumed its launch features after a cyberattack stole $120,000 in Binance Coin (BNB). The platform suspended the launch function to investigate the attack, which led to a temporary halt in operations. Four Meme reported that it had completed a security inspection and resolved the issue, reinforcing its system security to prevent future attacks.
The attackers exploited a vulnerability in the platform’s token transfer restrictions, bypassing them by using a pre-calculated address for liquidity pool creation. Security firms such as Peckshield and SlowMist confirmed that the attackers stole BNB by manipulating liquidity pools and executing a “sandwich attack” to profit from the event. The stolen funds were transferred to the crypto exchange FixedFloat, according to reports.
In response to the incident, Four Meme announced that affected users would be fully compensated.
The platform urged users to submit claims via its website to receive compensation for their losses. This breach followed a similar attack in February 2025, in which $183,000 worth of BNB was stolen and led to another suspension of the liquidity pool on PancakeSwap.
Despite these setbacks, Four Meme assured its users that security measures had been strengthened and that they would continue to investigate further exploits. The attacks underscore growing vulnerabilities in the crypto space, with increasing incidents of market manipulation and hacks targeting decentralized platforms and liquidity pools.
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