The memecoin launch platform Four.Meme has been hit by another malicious attack, forcing the platform to temporarily suspend its token launch feature as it investigates the incident.
Four.Meme Confirms Security Breach
In a recent announcement, the BNB Smart Chain-based platform confirmed that it had suffered an exploit and has since initiated an emergency investigation into the attack. While the team works to identify and resolve vulnerabilities, the launch function has been suspended until further notice.
Four.Meme also reassured affected users that they will be compensated for any losses. Users impacted by the exploit are required to submit a form with relevant details to claim compensation.
“Our team is working hard to fix the problem and ensure system security. Thank you for your understanding and support. We will continue to update the progress,” the platform stated.
Attack Exploited Pre-Launch Vulnerability
According to blockchain security firm SlowMist, the attacker exploited a pre-launch vulnerability in Four.Meme’s system, allowing them to steal liquidity. The attack involved manipulating the platform’s token launch mechanism, which enabled the attacker to send tokens to a PancakeSwap pair address that did not yet exist.
How the Exploit Worked
By leveraging this flaw, the attacker was able to:
- Create a trading pair and add liquidity without needing to transfer pre-launched tokens.
- Bypass the platform’s transfer restriction (MODE_TRANSFER_RESTRICTED), which is designed to prevent unauthorized transactions before a token is officially launched.
- Manipulate liquidity pool prices, effectively draining the pool’s funds.
While Four.Meme has not disclosed the exact financial losses, BscScan data reveals that the attacker added liquidity totaling 4.02 trillion tokens into a PancakeSwap pool, indicating a significant breach.
A Pattern of Attacks on Four.Meme
This is not the first time Four.Meme has faced security breaches. On February 11, 2025, the platform suffered another attack that forced it to temporarily suspend its token liquidity pool on PancakeSwap. At the time, the platform assured users that funds were safe, but the attack still resulted in a loss of approximately $183,000.
Looking Ahead
With recurring security issues, Four.Meme now faces increased pressure to strengthen its defenses and reassure its user base. The platform has pledged to continue updating the community on its security enhancements and resume token launch operations only after ensuring system integrity.
As the memecoin market continues to grow, security breaches like these highlight the importance of robust security measures in protecting users and liquidity pools within the decentralized finance (DeFi) ecosystem.
