Blockchain safety agency SlowMist has recognized a important liquidity exploit vulnerability affecting 4.meme in a latest safety advisory.
Launched solely not too long ago, 4.meme is a meme coin launchpad working on the BNB chain. This vulnerability has raised important considerations, given the platform’s prior safety challenges.
Exploit Particulars on 4.meme
In response to SlowMist, the attacker exploited a particular operate inside 4.meme’s sensible contract to buy some tokens earlier than their official launch. Using the 0x7f79f6df operate, the attacker despatched these pre-launch tokens to a chosen PancakeSwap pair deal with that had not but been created.
This maneuver allowed the attacker to ascertain the pair and add liquidity with out transferring the unissued tokens. Thus, they successfully bypassed the switch restrictions that have been energetic earlier than the token’s official launch.
Consequently, the attacker was in a position so as to add liquidity at an unintended worth, ensuing within the theft of pool liquidity.
“…why would the pool be emptied after the platform was pretty launched? If there’s such a loophole, do all cash have this threat?,” remarked Wick, a preferred consumer on X.
This isn’t the primary time 4.meme has confronted safety challenges. In February, the platform suffered a big exploit leading to a lack of roughly $183,000. The attacker manipulated liquidity by making a pretend liquidity pool on PancakeSwap V3 earlier than the official pool’s opening.
They exploited vulnerabilities inside the platform. In response, 4.meme quickly halted liquidity operations and guaranteed customers of fund safety whereas implementing stronger protections.
The BNB chain meme coin platform issued an emergency announcement acknowledging a malicious assault. The group promptly intervened to handle the problem, suspending the token liquidity pool (LP) launched on PancakeSwap to make sure safety.
Implications for PancakeSwap and BNB Chain
The latest exploit on 4.meme comes at a time when PancakeSwap, a number one decentralized alternate (DEX) on BSC, has been experiencing important progress. In February 2025, PancakeSwap reached a buying and selling quantity of $81 billion, the best since 2021, pushing its whole cumulative quantity past $1.1 trillion.
This surge was fueled by BNB Chain’s restoration and the rising curiosity in meme cash, with PancakeSwap dominating 90% of BNB Chain’s DEX market share.
Nonetheless, safety incidents just like the one involving 4.meme platform highlights the vulnerabilities inside the ecosystem. Additionally they spotlight the necessity for sturdy safety measures to guard consumer funds and keep belief in decentralized platforms.
As the recognition of meme cash and decentralized finance (DeFi) platforms continues to rise, making certain their safety and integrity turns into more and more important.
Customers also needs to train warning and conduct thorough due diligence earlier than partaking with new initiatives. Alternatively, platform builders should prioritize safety to safeguard consumer belongings and uphold the credibility of the DeFi ecosystem.
Disclaimer
In adherence to the Belief Challenge tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nonetheless, readers are suggested to confirm information independently and seek the advice of with an expert earlier than making any choices based mostly on this content material. Please word that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.