Four.Meme, a leading memecoin launch platform on BNB Chain, has issued an emergency statement following what appears to be a security breach. The team reassured users that internal funds remain safe but temporarily suspended liquidity pool (LP) launches on PancakeSwap while working on a fix. However, the blockchain security firm PeckShieldAlert has claimed that the platform has already suffered losses of around $183,000.
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What Happened?
The warning came directly from Four.Meme’s official channels, where they stated they had “intervened immediately” to handle an ongoing attack. According to the message, LP launches were paused as a security measure, while regular on-chain trading continued as normal.
The team further emphasized that users’ internal funds were unaffected and that they were closely monitoring the situation. A follow-up comment doubled down on this reassurance, stating that their priority was providing accurate information and resolving the issue swiftly.
But while Four.Meme maintains that all is under control, outside reports suggest otherwise. Blockchain security firm PeckShieldAlert posted an alert claiming that the platform had already sustained a financial blow of approximately $183,000.
A Rising Star Faces a Setback
This situation comes just as Four.Meme had been riding a wave of hype. The platform had gained significant traction following the viral success of the TST token – a project that was never even meant to launch as a serious contender.
TST was initially created as a demonstration in a memecoin tutorial, but when its contract address was briefly exposed, traders rushed to buy it. The unexpected surge pushed its market cap to a crazy $500 million at its peak, bringing Four.Meme into the spotlight as the platform that made it all happen.
What’s Next?
Four.Meme has promised further updates, and all eyes are on whether the LP launch suspension will be lifted soon. If the team delivers a swift and effective fix, this could end up being a minor bump in the road. If delays stretch on, however, it could damage the platform’s credibility just as it was reaching new heights.
Update: Core Functions Restored
Four.Meme has issued an update regarding the security breach, stating that most of the platform’s core functions have been restored. The team reassured users that on-chain trading remains fully operational and emphasized their swift response in mitigating the attack.
The announcement thanked the community for their patience and support while the platform continues to monitor the situation. Further updates are expected as the team finalizes security measures.
Update 2: Compensation
If you were affected by the attack, you can apply for compensation. More details here.
