Launchpad four.meme on BNB Chain is under attack - SlowMist warns

Blockchain security company SlowMist has just discovered a serious vulnerability related to liquidity mining on the four.meme platform, according to the latest security report.

Four.meme, a meme coin platform on BNB Chain, was recently launched. This loophole has raised significant concerns within the community, especially as the platform has faced security issues before.

Details of the mining incident on four.meme

According to SlowMist, the attacker exploited a specific function in the smart contract of four.meme to pre-purchase some tokens before they were officially launched. By using the 0x7f79f6df function, the attacker sent the unreleased tokens to a trading pair address on PancakeSwap even though this currency pair had not been established yet.

This allows them to create their own trading pairs and add liquidity without having to transfer unreleased tokens, thereby bypassing the capital transfer restrictions only effective before the official launch.

The consequence is that the attacker can add liquidity at an unintended price, leading to draining the liquidity pool.

Source: X/SlowMist*"Why did the pool run out even though it was launched properly on the platform? If such a vulnerability exists, will other tokens face similar risks?"* - Wick, a famous user on X, asked.

This is not the first time four.meme has encountered security issues. In February, the platform suffered a major attack, causing approximately $183,000 in damage. The attacker manipulated liquidity by creating a fake liquidity pool on PancakeSwap V3 before the legitimate pool was opened.

To cope, four.meme has temporarily suspended liquidity operations and is committed to protecting user assets by enhancing security measures.

The meme coin platform on BNB Chain has issued an urgent announcement, confirming that this is a targeted attack. The development team quickly intervened, temporarily suspending the (LP) liquidity pool on PancakeSwap to ensure system security.

Impact on PancakeSwap and BNB Chain

The recent mining incident on four.meme took place in the context of PancakeSwap - the leading decentralized exchange (DEX) on BSC - witnessing impressive growth. In February 2025 alone, PancakeSwap reached a trading volume of 81 billion USD, the highest since 2021, bringing the total accumulated trading volume to over 1.1 trillion USD.

This boom is mainly due to the strong recovery momentum of BNB Chain and the meme coin frenzy, with PancakeSwap holding up to 90% of the DEX market share on BNB Chain.

Accumulated volume of PancakeSwap DEX and Trader by chain | Source: DuneHowever, security incidents such as the one on four.meme have exposed vulnerabilities in the ecosystem, highlighting the importance of strict security measures to protect user assets and maintain trust in the decentralized platform.

As meme coins and decentralized finance (DeFi) continue to expand, the security and integrity of the platforms are becoming increasingly critical. Users need to be cautious, conduct thorough checks before participating in new projects, while developers must prioritize security to protect investor assets and maintain the reputation of the DeFi ecosystem.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should do their research before making decisions. We are not responsible for your investment decisions.

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