Four.Meme, a memecoin launch platform built on the BNB Chain, has fallen victim to a security breach, with hackers targeting the platform’s expanding liquidity in meme tokens.
“We are currently facing a malicious attack, and our team has taken immediate action to mitigate the issue,” Four.Meme stated in a post on X on Feb. 11.
Despite the breach, the platform reassured users that internal funds remain secure and “unaffected by the attack.” However, according to blockchain security firm PeckShield, the exploit resulted in approximately $183,000 worth of digital assets being stolen on Feb. 11.
Cyberattacks and exploits continue to undermine the cryptocurrency industry’s reputation and broader adoption. Although crypto-related hacks saw a 44% year-over-year decline in January 2025, bad actors still managed to steal over $73 million that month.
Furthermore, in 2024, hackers drained $2.3 billion across 165 incidents—marking a 40% increase from 2023 when crypto-related thefts totaled $1.69 billion.
