Four.Meme’s Latest Attack: A Comedy of Errors in the Crypto World!

by

Ah, the world of memecoins—where dreams are made, and wallets are emptied faster than you can say “to the moon!” Four.Meme, the illustrious launch platform for these digital delights, has once again found itself the victim of a malicious attack. Yes, folks, it seems that the only thing more volatile than the price of a memecoin is the security of the platform itself! 🎢

In a recent post that was probably written in a state of mild panic, Four.Meme announced that they’ve launched an emergency investigation. I can only imagine the scene: a group of developers huddled around a computer, frantically Googling “How to fix a hack” while sipping lukewarm coffee. For now, the token launch feature is on a little vacation—suspended until further notice, much like my gym membership. 🏋️‍♂️

But fear not, dear users! Four.Meme has promised to compensate those affected by this latest escapade. All you need to do is fill out a submission form, which is probably buried somewhere in the depths of their website, alongside the FAQs and the “How to make a million dollars in crypto” guide. Good luck with that! 📝

According to the blockchain security firm SlowMist—who I assume are the digital equivalent of the Ghostbusters—the attacker exploited a pre-launch vulnerability. They managed to steal liquidity by sending tokens to a PancakeSwap (CAKE) Pair address that didn’t even exist yet. It’s like trying to order a pizza from a restaurant that’s still under construction. 🍕

By pulling off this digital sleight of hand, the attacker created a trading pair and added liquidity without actually having to transfer any tokens. It’s like sneaking into a party without an invitation and then claiming the punch bowl as your own. The audacity! The attacker bypassed Four.Meme’s transfer restriction, which is charmingly labeled “MODE_TRANSFER_RESTRICTED.” Sounds like a setting on my old VCR. 📼

As a result, they added liquidity at an unintended price, draining the pool faster than I drain a bag of chips during a Netflix binge. While Four.Meme hasn’t disclosed the exact losses, BscScan revealed that the attacker added liquidity to a PancakePair amounting to a staggering 4.02 trillion tokens. That’s a number so large it makes my head spin! 🤯

Let’s not forget that this isn’t Four.Meme’s first rodeo. They previously suffered an attack on February 11, which led to the temporary suspension of their token liquidity pool on PancakeSwap. They assured users that their funds were safe, but the platform still lost approximately $183,000 worth of digital assets. That’s a lot of memecoins, folks! 💸

Read More

2025-03-18 11:38