An exploit of the BNB Chain-based memecoin launch platform Four.Meme led to the loss of digital assets worth $183,000. The attack prompted Four.Meme will suspend all liquidity pool creation at that moment while they investigate and fix the security breach that affected their platform on Feb. 11.
Security breach and impact on users
According to the X post about the attack, the Four.Meme team quickly responded to protect against further damage. The platform made clear statements that operating funds within the platform remained untouched by the exploit. A blockchain security firm named PeckShield officially verified a theft of digital assets amounting to $183,000.
The cryptocurrency sector suffers from an increasing number of security breaches as this incident continues to grow the list. The hacking incidents reduced in January 2025, yet crypto-related losses throughout the month crossed $73 million. A 40% increase was observed in crypto-related attacks during 2024 since hackers stole $2.3 billion through 165 reports, which outranked 2023 statistics.
Four.Meme gains attention after TST token surge
Test (TST) token of Four.Meme gained significant media attention through both its price ascent and descent. On Feb 9 there was a brief moment when the TST token reached a $489 million market capitalization but then experienced a 50% decrease to $215 million based on information from CoinMarketCap.
The BNB Chain tutorial video released a second time included TST as part of a testing demonstration that sparked widespread attention among investors. Informal support from China-based influencer networks fueled the fast price appreciation of the TST token, although the project itself remained unendorsed by the organizational leadership.
Former Binance CEO Changpeng Zhao on a x clarified that the video was not an endorsement, but the hype had already pushed the token’s value up. Zhao admitted that Binance’s token listing process has flaws, leading to market inefficiencies. Binance co-founder Yi He later outlined key listing criteria, including a token’s potential ROI, innovation, and market performance.
