Outside Source
The memecoin launch platform has temporarily stopped the creation of new liquidity pools while it addresses the exploit.
News
The BNB Chain-based memecoin launch platform Four.Meme has suffered a security breach, with hackers targeting the growing liquidity in meme tokens.
“We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue,” Four.Meme stated in a Feb. 11 X post.
The platform assured users that internal funds are safe and “unaffected by the attack.”
Source: Four.Meme
However, Four.Meme’s recent exploit may have resulted in the loss of at least $183,000 worth of digital assets on Feb. 11, according to blockchain security firm Pekschsield.
Source: PeckShieldAlert
Crypto hacks and exploits continue damaging the industry’s mainstream reputation and adoption. While crypto hacks saw a 44% decrease in January 2025, the year’s first month still resulted in over $73 million stolen.
Funds lost per attack vector. Source: Cyvers
Moreover, crypto hackers stole $2.3 billion across 165 incidents in 2024, a 40% increase over 2023, when hackers stole $1.69 billion worth of crypto.
Related: Ethereum short positions surge 500% as hedge funds bet on decline
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
