{"id":17981,"date":"2025-03-19T01:47:30","date_gmt":"2025-03-19T01:47:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17981"},"modified":"2025-03-19T01:47:30","modified_gmt":"2025-03-19T01:47:30","slug":"four-meme-resumes-operations-after-120k-sandwich-attack","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17981","title":{"rendered":"Four.Meme resumes operations after $120K sandwich attack"},"content":{"rendered":"
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\"Four.Meme<\/p>\n

The BNB Chain-based memecoin launch platform Four.Meme has resumed operations after being hit with a sandwich attack that exploited it for around $120,000.\u00a0\u00a0<\/p>\n

Four.Meme said<\/a> in a March 18 X post that its launch function was back after inspecting and addressing a security issue. It had earlier suspended the function to investigate it, saying it was \u201cunder attack.\u201d<\/p>\n

\u201cThe launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,\u201d the Four.Meme team said.\u00a0<\/p>\n

\"Four.Meme
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Source: <\/em>Four.Meme<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Web3 security firm ExVul said<\/a> in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack<\/a> that netted the attacker $120,000.\u00a0<\/p>\n

It said the attacker \u201cpre-calculated the address for creating the liquidity pool\u2019s trading pair\u201d and utilized one of the platform\u2019s functions to purchase tokens, which successfully bypassed Four.Meme\u2019s token transfer restrictions.<\/p>\n

\u201cSubsequently, the hacker lay in wait for Four.Meme to add liquidity to the transaction, ultimately siphoning off the funds,\u201d ExVul added.<\/p>\n

\"Four.Meme
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Source: <\/em>ExVul<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Blockchain security firm CertiK came to a similar conclusion and said<\/a> the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was created, then manipulated the price at launch to sell them afterward for profit.\u00a0<\/p>\n

\u201cIn this case of SBL token, for example, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch,\u201d CertiK said.\u00a0<\/p>\n

\"Four.Meme
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Source: <\/em>CertiK<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The tactic saw the attacker leave with at least 192 BNB (BNB<\/a>), worth about $120,000, which they sent to the decentralized crypto exchange FixedFloat, according to CertiK.\u00a0<\/p>\n

Related: <\/strong><\/em>Pump.fun memecoins are dying at record rates, less than 1% survive<\/strong><\/em><\/a><\/p>\n

It\u2019s the second time that Four.Meme has been attacked in as many months, with a Feb. 11 exploit resulting in the loss of about $183,000<\/a> worth of digital assets.<\/p>\n

Across the broader crypto industry, February saw $1.53 billion in losses to scams<\/a>, exploits and hacks, with the $1.4 billion Bybit hack<\/a> accounting for the lion\u2019s share.\u00a0<\/p>\n

Blockchain analytics firm Chainalysis says the past year saw $51 billion in illicit transaction volume<\/a>, partly due to crypto crime entering a professionalized era dominated by AI-driven scams, stablecoin laundering, and efficient cyber syndicates.\u00a0<\/p>\n

Magazine: <\/strong><\/em>Memecoins will die and DeFi will rise again \u2014 Sasha Ivanov<\/strong><\/em><\/a>\u00a0<\/strong><\/em><\/p>\n