The BNB Chain-based memecoin launch platform Four.Meme has fallen victim to a security breach, with hackers targeting the liquidity of meme tokens on the platform.
In a Feb. 11 announcement on X, Four.Meme confirmed the exploit and assured users that the team has taken immediate action to mitigate the attack. The platform emphasized that internal funds remain secure and unaffected despite the breach.
According to blockchain security firm PeckShield, the exploit resulted in a loss of approximately $183,000 worth of digital assets. As a precautionary measure, Four.Meme has temporarily halted the creation of new liquidity pools while it investigates the incident and strengthens its security protocols.
Growing Crypto Hacks Remain a Concern
The incident highlights ongoing vulnerabilities within the DeFi and crypto space, impacting mainstream adoption and investor confidence. While crypto-related hacks dropped by 44% in January 2025, bad actors still managed to steal over $73 million in just one month.
Looking back at 2024, the crypto industry recorded $2.3 billion in stolen funds across 165 security incidents, marking a 40% increase from 2023, when hackers stole $1.69 billion in digital assets.
As the industry continues to evolve, security remains a critical priority for platforms and investors alike. Stay updated on the latest developments in blockchain security, DeFi, and Web3 innovations as the space works toward stronger protection against cyber threats.
