Memecoin Generator Four.Meme Suffers a $183K Security Attack

Four.Meme, a memecoin generator built on the BNB Chain, suffered a security attack today, losing $183,000. The project’s development team noted that it had begun rectifying the breach shortly after the attack commenced.

🚨 Emergency Announcement 🚨

We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue. To ensure security, token LP launched on @PancakeSwap is temporarily suspended, and will be reopened once our development team completes… pic.twitter.com/kll3tI5Pme

— Four.Meme (@four_meme_) February 11, 2025

Four.Meme Part Ways With $183K

Without giving details about the cause of the attack, Four.Meme assured users that it would remedy the situation. Still, the team noted that the token liquidity pool (LP) launched on the decentralized exchange PancakeSwap was temporarily halted until the issue was fixed. Meanwhile, on-chain trading activities can continue. Also, tokens already launched using the platform were unaffected by the breach.

Despite losing about $183,000, the memecoin creation platform calmed users by informing them their funds were safe.

Launched on July 3, 2024, Four.Meme emerged as the first BNB Chain-based memecoin generator, enabling users to quickly launch meme tokens on the layer-1 blockchain. The platform’s mascot portrays the popular four-fingers sign that Binance creator Changpeng Zhao (CZ) uses to assure users that their funds are SAFU (safe).

Like most memecoin generators, memecoin creators who craft new tokens using Four.Meme employs fair launch, giving every user equal opportunity. Immediately after deploying these tokens, they are easily tradeable on the BNB Chain-focused DEX, PancakeSwap.

Should Other Memecoin Generators Be Worried?

Four.Meme’s working principles mimic established memecoin generators like the Solana-based Pump.fun and Tron-based SunPump. Hence, there is a need for extra caution as these more prominent platforms are susceptible to a similar security attack from malicious actors.

In May 2024, Pump.fun suffered a flash loan exploit that affected its bond curve contracts, which handle the protocol’s liquidity. The Solana-based platform lost approximately $200,000 in the attack. The team fixed the issue by upgrading the bond curve contract.