Binance memecoin platform 4 Meme has restored launch options after an “attack” stole $130,000 price of Binance Coin (BNB).
The assault brought on the platform to droop its launch operate and begin an emergency investigation.
At 9:23 UTC 4 Meme claimed through X that, “The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security.”
Any affected customers will reportedly be absolutely compensated and are inspired to fill out a declare on its web site.
Learn extra: Binance’s memecoin platform loses virtually $200K in hack
Hours earlier, 4 Meme mentioned it was “under attack,” and that “the launch function has been suspended for emergency investigation.”
Crypto safety agency Peckshield claimed the hacker stole 200 Binance Coin (BNB) from 4 Meme price roughly $130,000 and transferred it to crypto alternate FixedFloat.
Safety agency SlowMist additionally acknowledged that the 4 Meme attackers exploited a function that allow them ship a small quantity of tokens to a PancakeSwap Pair handle that didn’t exist but.
Due to this, the attackers may add liquidity to the pair with out utilizing the yet-to-be-launched tokens. “Ultimately, the attacker was able to add liquidity at an unintended price to steal pool liquidity,” SlowMist claimed.
4 Meme suffered an assault final February that brought on the lack of $183,000 price of BNB and the momentary suspension of a token liquidity pool on PancakeSwap.
Protos has reached out to 4 Meme for remark.
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