Four.Meme Exploit: $183K Hack Hits BNB Chain Memecoin Platform - Meme Insider

February 11, 2025 at 12:25:05 PM

Zoltan Vardai

3 hours ago

BNB Chain memecoin platform Four.Meme hit by $183K exploit

The BNB Chain-based memecoin launch platform, Four.Meme, has announced a security breach. It appears hackers have targeted the platform, exploiting the increasing liquidity within meme tokens.

In a statement posted on X (formerly Twitter) on February 11th, Four.Meme stated, “We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue.” The platform was quick to reassure its users, emphasizing that internal funds remained secure and “unaffected by the attack.”

Source: Four.Meme

Despite these assurances, blockchain security firm Peckshield reported that the exploit, which occurred on February 11th, resulted in a loss of approximately $183,000 in digital assets.

Source: PeckShieldAlert

Unfortunately, crypto hacks and exploits continue to damage the industry’s reputation and hinder broader adoption. While a report from Immunefi noted a 44% year-over-year decrease in crypto hacks in January 2025, the losses for that month still exceeded $73 million.

Funds lost per attack vector. Source: Cyvers

Looking back at 2024, the numbers are even more concerning. Crypto hackers managed to steal a staggering $2.3 billion across 165 separate incidents. This represents a 40% increase compared to 2023, where $1.69 billion was stolen.

Four.Meme’s Recent Spotlight: The TST Token Surge

Four.Meme recently gained significant attention in the crypto space due to the dramatic rise and fall of the Test (TST) token.

TST/USD, market cap, all-time chart. Source: CoinMarketCap

Data from CoinMarketCap reveals that the TST token briefly reached a market capitalization peak of $489 million on February 9th. However, it quickly corrected, falling over 50% to its current valuation of around $215 million.

The TST token’s unexpected surge originated from its fleeting appearance in a BNB Chain tutorial video showcasing the Four.Meme platform. It was intended solely for testing purposes.

TST token in BNB Chain training video. Source: Lamaxbt

Despite the token’s test nature, Chinese influencer communities picked up on TST, promoting it and driving its market cap upwards. Changpeng Zhao, co-founder and former CEO of Binance, even clarified that the video was “not an endorsement” of the token.

Following the TST token’s volatile price action, Zhao acknowledged that Binance’s token listing process had vulnerabilities. He pointed to arbitrage opportunities exploited by decentralized exchange (DEX) traders, which often led to poor post-listing performance of tokens. (Learn more about decentralized exchanges (DEX)).

Binance co-founder Yi He has since addressed the exchange’s token listing criteria to improve transparency. Key factors considered include a coin’s potential return on investment (ROI), its ability to foster innovation and attract new users, and its market performance on other exchanges. For more details, you can read about Binance co-founder Yi He’s explanation of token listing criteria.

Crypto market is ‘not playing ball’ so far in 2025: Jason Pizzino, X Hall of Flame

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Four.Meme’s Recent Spotlight: The TST Token Surge

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