Four.Meme, a BNB Chain-based memecoin launch platform, has suffered a security breach, with hackers targeting liquidity in meme tokens.
In a February 11 X post, Four.Meme stated:
“We are currently experiencing a malicious attack, and our team has intervened immediately to address the issue.”
The platform assured users that internal funds remain safe and unaffected by the attack.
This comes amid a wider surge in crypto hacks, with $2.3 billion stolen in 165 incidents in 2024 alone, marking a 40% increase compared to $1.69 billion in 2023.
Four.Meme in the Spotlight After TST Token Surge
Four.Meme gained industry attention following the dramatic rise and fall of its Test (TST) token.
🔹 TST peaked at $489 million in market cap on February 9, before plunging over 50% to $215 million, according to CoinMarketCap.
🔹 The token was briefly revealed for one second in a BNB Chain tutorial video on the Four.Meme platform, purely for test purposes.
🔹 revelation led to China-based influencer communities aggressively promoting the token, fueling its price surge.
🔹 Former Binance CEO Changpeng Zhao clarified that the video was “not an endorsement” of TST.
Binance’s Response to the TST Token Controversy
Following the TST token’s volatile performance, Zhao admitted that Binance’s token listing process “is a bit broken” due to arbitrage strategies by decentralized exchange (DEX) traders.
To increase transparency, Binance co-founder Yi He outlined the platform’s token listing criteria, which include:
Potential return on investment (ROI)
Innovation and ability to attract new users
Market performance on other exchanges
Final Thoughts
The Four.Meme hack highlights the rising risks in the memecoin space, especially amid increased exploitation of liquidity pools. Meanwhile, the TST token’s rise and fall raises concerns over crypto speculation and transparency in token listings.
