From cointelegraph by Zoltan Vardai

The BNB Chain-based memecoin launch platform Four.Meme has suffered a security breach, with hackers targeting the growing liquidity in meme tokens.

“We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue,” Four.Meme said in a Feb. 11 X post.

The platform assured users that internal funds are safe and “unaffected by the attack.”

Still, the Four.Meme exploit on Feb. 11 resulted in the loss of about $183,000 worth of digital assets, according to blockchain security firm Peckshield.

Crypto hacks and exploits continue damaging the industry’s mainstream reputation and adoption. While crypto hacks saw a 44% year-over-year decrease in January 2025, the month still resulted in over $73 million stolen.

Moreover, crypto hackers stole $2.3 billion across 165 incidents in 2024, a 40% increase over 2023, when hackers stole $1.69 billion worth of crypto.

Related: Ethereum short positions surge 500% as hedge funds bet on decline

Four.Meme in the spotlight since TST token surge

Four.Meme came into the industry’s spotlight after the rapid rise and fall of the Test (TST) token.