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Well, folks, grab your wallets and hold onto your hats because the BNB Chain-based memecoin launch platform, Four.Meme, is back in action after a sandwich attack that left it $120,000 lighter. 🍔💸
In a dramatic twist worthy of a daytime soap opera, Four.Meme announced on March 18 via X that their launch function is back online after a thorough security inspection. They had to hit the pause button earlier because, you know, they were “under attack.” Sounds like a bad episode of “CSI: Crypto.”
“The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,” the Four.Meme team said, probably while sipping their overpriced lattes. ☕️
According to Web3 security firm ExVul, this exploit was a classic case of market manipulation known as a sandwich attack. And no, it’s not the kind you want to eat at a picnic. The attacker walked away with a cool $120,000. Talk about a lunch break! 🥪💰
They “pre-calculated the address for creating the liquidity pool’s trading pair” and used one of the platform’s functions to buy tokens, effectively playing hopscotch over Four.Meme’s token transfer restrictions. Who knew crypto could be so…creative?
“Subsequently, the hacker lay in wait for Four.Meme to add liquidity to the transaction, ultimately siphoning off the funds,” ExVul added, probably while shaking their heads in disbelief. 🙄
Blockchain security firm CertiK chimed in with their own analysis, stating that the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was even created. It’s like showing up to a party before the host has even set up the snacks! 🎉
In the case of the SBL token, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch. Talk about a well-timed arrival! ⏰
In total, the attacker made off with at least 192 BNB (worth about $120,000) and sent it to the decentralized crypto exchange FixedFloat. It’s like they took the money and ran—except they didn’t even have to run! 🏃♂️💨
This is the second time Four.Meme has been attacked in as many months. The first time, on February 11, they lost about $183,000 worth of digital assets. At this rate, they might as well start a support group for crypto platforms. “Hi, I’m Four.Meme, and I’ve been hacked twice this month.”
Across the broader crypto industry, February saw $1.53 billion in losses to scams, exploits, and hacks. The $1.4 billion Bybit hack was the cherry on top of this disaster sundae. 🍦
Blockchain analytics firm Chainalysis reports that the past year saw $51 billion in illicit transaction volume. Apparently, crypto crime is now a professional sport, complete with AI-driven scams, stablecoin laundering, and cyber syndicates that make Ocean’s Eleven look like child’s play. 🎬💻
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2025-03-19 04:47