Four.Meme, a meme token generator operating on the Binance Smart Chain (BSC), has raised the alarm of a devastating cyberattack, resulting in the loss of liquidity on its PancakeSwap v3 pools, as published in a post on X on March 18th. The platform has lost around 200 BNB (worth $130,000) in the latest exploit. The hack has raised concerns about the security of decentralized finance (DeFi) platforms.
How The Manipulation Happened
SlowMist, a blockchain security firm known for tracking and analyzing crypto exploits, detected and reported the attack. The firm noted that before the launch of the token on Four. Meme, the attacker exploited a flaw in the 0x7f79f6df function. This function allowed the attacker to purchase a small token amount before public release.
The attacker used this function to send tokens to an address associated with a PancakeSwap trading pair that had not yet been created. By sending tokens to the uncreated PancakeSwap trading pair address, the attacker bypassed the token’s pre-launch transfer restrictions.
The attacker then created the PancakeSwap trading pair and added liquidity at a manipulated non-intended price, allowing the attacker to drain liquidity from the pool. The hacker capitalized on the lack of proper security checks or restrictions in the pre-launch phase. The exact financial loss from this specific March 2025 attack is not detailed in the post.
A Call for Proactive Actions
Four.Meme had suffered a similar malicious attack in February 2025, which led to a staggering $183,000 loss and the temporary suspension of its PancakeSwap liquidity pool. This, though, is not an isolated incident for meme coin launchpads on BSC. Other platforms, like Pump.Fun on Solana, which lost $2 million in a flash loan attack in May of the previous year, and Gem Pad, which lost $2.2 million in January 2025, have faced similar exploits. These incidents highlight a recurring issue with security in meme coin launchpads, particularly on platforms like PancakeSwap.
The hack has sparked widespread concern among investors and raised questions about the security measures for memecoin launchpads. Four.Meme’s developers have promised to compensate affected users and provide a damage submission form to collect relevant information.
As the crypto community comes to terms with the attack, one thing is clear: the need for robust security protocols has never been more pressing.
