Critical Exploit in BNB Chain Meme Launchpad, User Security at Risk?

Jakarta, Pintu News – In today’s digital era, security is among the most important aspects of financial transactions, especially on blockchain platforms.

Recently, a critical security incident has occurred on the four.meme platform on BNB Chain, raising serious concerns for the security of digital assets.

Check out the full news below!

Exploitation Details on four.meme

Blockchain security firm SlowMist has revealed the existence of a critical liquidity exploit vulnerability on the four.meme platform. According to the report, an attacker utilised certain functions in the four.meme smart contract to purchase tokens before its official launch.

Using the 0x7f79f6df function, the attacker sent pre-launch tokens to the address of a PancakeSwap pair that had not yet been created. This allows the attacker to form pairs and add liquidity without transferring unissued tokens.

As a result, the attacker managed to add liquidity at an unwanted price, stealing the pool’s liquidity.

Read also: Anthony Pompliano: “No Crypto Will Beat Bitcoin!”

Impact on PancakeSwap and BNB Chain

PancakeSwap, the leading decentralized exchange (DEX) on the BNB Chain, has experienced significant growth in recent times. In February 2025, It recorded a trading volume of $81 billion, the highest figure since 2021, with a total cumulative volume exceeding $1.1 trillion.

This increase was driven by the recovery of BNB Chain and growing interest in meme coins, with PancakeSwap dominating 90% of DEX market share on BNB Chain.

However, security incidents like the one on the Four.meme platform highlight the ecosystem’s vulnerabilities. These incidents also emphasize the importance of strong safeguards to protect user funds and maintain trust in decentralized platforms.

Also read: Justin Sun Announces TRX Integration to Solana Blockchain – What’s the Impact for Investors?

Recommendations and Prevention

With the increasing popularity of meme coins and decentralized finance DEFI->Current DEFI PriceRp 0Market Cap-Trading Volume-Circulating Supply- platforms, maintaining their security and integrity is becoming increasingly crucial. Users should exercise caution and conduct thorough due diligence before engaging with new projects.

On the other hand, platform developers should prioritize security to protect user assets and maintain the credibility of the DeFi ecosystem. Advanced security technologies and regular system updates can help prevent similar exploits in the future. Collaboration between security experts, developers, and users is also essential to creating a safe and trusted environment.

Conclusion

This incident is an important reminder that security must always be a top priority in the world of blockchain. It is hoped that the future of digital transactions can be more secure and reliable through continuous cooperation and innovation. It also underscores the importance of transparency and quick responses from platforms to minimize the negative impact on users.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Four Memes Exploit BNB Chain. Accessed on March 19, 2025
• Featured Image: Binance