According to Cointelegraph, the BNB Chain-based memecoin launch platform Four.Meme has experienced a security breach, with hackers targeting the increasing liquidity in meme tokens. The platform announced the attack on February 11, stating that their team had immediately intervened to address the issue. Four.Meme assured users that internal funds remain safe and unaffected by the breach.
Despite these assurances, the recent exploit on Four.Meme may have resulted in the loss of at least $183,000 worth of digital assets, as reported by blockchain security firm PeckShield. This incident highlights the ongoing challenges faced by the cryptocurrency industry, where hacks and exploits continue to damage its mainstream reputation and hinder adoption. While there was a 44% decrease in crypto hacks in January 2025, the month still saw over $73 million stolen.
In 2024, crypto hackers stole $2.3 billion across 165 incidents, marking a 40% increase compared to 2023, when $1.69 billion worth of crypto was stolen. These figures underscore the persistent threat posed by cybercriminals to the digital asset space. As this is a developing story, further information will be provided as it becomes available.
