Hackers exploited the Four.Meme memecoin project on the BNB Chain, stealing $183,000.
In response, the memecoin launch platform temporarily halted the creation of new liquidity pools.
Hackers specifically targeted Four.Meme, a memecoin launch platform on BNB Chain, as meme token liquidity expanded.
“We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue,” Four.Meme said in a Feb. 11 X post.
The platform assured users that the attack did not compromise its internal funds, which remain “unaffected
PeckShield reported that the security breach on Four.Meme on Feb. 11 led to the theft of approximately $183,000 in digital assets.
Crypto exploits and hacks continue to damage the industry’s reputation, making mainstream adoption more difficult.
Despite a 44% drop in crypto hacks compared to the previous year, cybercriminals still stole over $73 million in January 2025.
Hackers carried out 165 incidents in 2024, stealing $2.3 billion, a significant 40% increase from the $1.69 billion lost in 2023.
The Test (TST) token’s sharp rise and fall brought significant industry attention to Four.Meme.
According to CoinMarketCap, the TST token reached a $489 million market cap on Feb. 9 before plummeting over 50% to its current $215 million.
A BNB Chain tutorial video for Four.Meme briefly displayed TST for one second, using it only for testing.
China-based influencer groups began promoting the token and pushing its market cap higher after spotting it in the video, even though Binance’s former CEO, Changpeng Zhao, emphasized that the video was “not an endorsement.”
As TST’s price surged, Zhao admitted that Binance’s listing process is “a bit broken” because DEX traders arbitraged it, causing underperformance after its listing.
Binance co-founder Yi He outlined the primary requirements for token listings—ROI potential, innovation, user attraction, and market behavior on other exchanges—to increase transparency at the world’s top crypto exchange.
