Four.Meme on BNB Chain Hacked, Damaged $183,000

Four.Meme, the new meme coin issuance platform launched on the BNB Chain network, has fallen victim to a serious security attack. The incident not only caused financial damage, but also raised concerns about the safety of similar platforms.

Specifically, on February 11, Four.Meme announced an attack on the X platform (Twitter). According to this, a group of hackers took advantage of the security flaw to steal assets.

Soon after the incident was discovered, Four.Meme's team quickly intervened to prevent and resolve the issue. They have temporarily stopped creating new liquidity pools to ensure the safety of users.

Four.Meme also reassured that its internal funds remain safe and unaffected by the attack. However, according to blockchain security firm Peckshield, the exploit caused about $183,000 in digital assets in damage.

The incident comes amid a growing trend of crypto attacks and mining. According to statistics, although the number of attacks has decreased compared to the previous year, the total value of stolen property remains at a high level.

Cryptocurrency hackers stole $2.3 billion in 165 incidents in 2024, up 40 percent from 2023. This shows that hackers are becoming more sophisticated and unpredictable.

Four.Meme is better known after the erratic rise and fall event of the Test token (TST). TST is a test token created by the BNB Chain development team for instructional purposes, illustrating how to create meme coins on BNB Chain's Four.Meme platform.

Originally intended only for educational purposes, TST unexpectedly caused fever by spiking by 1.100% in just the first three days. TST's spike in growth may stem from the token's fleeting appearance in a frame of Binance's tutorial video.

In the X post, CZ clarified that TST is not an official token and has no connection to BNB Chain other than as an example illustrated in the video tutorial.

Although the attack caused certain damage, the Four.Meme user community has had positive reactions to the platform's handling of the crisis.

Many appreciated that Four.Meme was quick to publicize information about the incident on X in a transparent and honest way. According to them, timely and accurate information updates helped reassure users, and demonstrated the professionalism and responsibility of the development team.

Some members of the community also expressed confidence in Four.Meme's ability to overcome the consequences and improve the security of the platform. They believe that, with experience and support from the community, Four.Meme will soon overcome this difficult period and continue to grow in the future.

Four.Meme's incident comes against the backdrop of the meme coin market that is seeing the rise of many new launchpad platforms. Compared to rivals like Pump.fun, which focuses on creating meme tokens quickly and easily, Four.Meme seems to be lagging behind in this race when it launches quite late.

While Pump.fun attracts users with its friendly interface and simple process, Four.Meme has difficulty maintaining the security and stability of the platform.

In fact, Binance often goes slower than other competitors in on-chain trends. They are present in most “games”, but they are not pioneers. This makes it difficult for Binance's new products, despite their quality, to make a big impact in the community.