Cyber Attack on Four.Meme Sparks Security Concerns on BSC Ecosystem

Four.Meme, a Binance Smart Chain–based memecoin launch platform, has suffered another malicious attack, forcing it to temporarily suspend its token launch function. The attack exploited a pre-launch vulnerability, allowing the attacker to send tokens to a non-existent PancakeSwap (CAKE) Pair and drain liquidity, resulting in a reported loss of approximately $183K. An emergency investigation is underway while the platform promises to compensate affected users. This incident raises alarms about the security of new token launch platforms and may cast a shadow on the broader BSC ecosystem, impacting coins tied to the network. While the negative news could dampen investor confidence in projects directly associated with the compromise, the strength of major actors like Binance may help stabilize the situation if robust security measures are promptly implemented.