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Blockchain security firm SlowMist has identified a critical vulnerability in Four.Meme, a meme coin launchpad on Binance Smart Chain (BSC), where attackers could manipulate PancakeSwap v3 pools to exploit token launches. The vulnerability stemmed from the fact that Four.Meme does not implement price verification checks which allowed malicious users to create pools with deliberately skewed prices before scheduled token launches. SlowMist explained that when new tokens migrate to PancakeSwap v3 and add liquidity, they automatically adopt these manipulated price points, thereby enabling attackers to drain pool assets. According to blockchain security company PeckShield’s findings, the incident resulted in attackers making off with approximately $183,000. BSC-Based Meme Coin Launchpad Reacts In response to a recent malicious attack, Four.Meme announced suspending token liquidity pools on PancakeSwap to safeguard user assets. The development team also said that it is actively addressing the issue and will restore liquidity once a fix is implemented. Meanwhile, on-chain trading remains operational. In its official statement, Four.Meme stated, “Rest assured, internal funds are SAFU and unaffected by this attack. We will continue to monitor the situation and provide timely updates to the community. Thank you for your understanding and support!” Four.Meme initially captured market attention following the volatile performance of the Test (TST) token. Since then, the platform’s popularity surged dramatically. In fact, data compiled by Dune analytics reveal user growth reached its peak on February 9 with 11,473 unique addresses. However, as of February 11th, data shows user engagement has significantly contracted to 5,301 addresses. The latest attack has increased concerns regarding the security of meme coin launchpads as it reflected a pattern of similar incidents in the industry. This event is reminiscent of last May when Solana-based meme coin launchpad Pump.fun suffered a flash loan attack, which caused $2 million in losses. Increasing Illicit Activities Targeting Web3 Zooming out, with the rise in cryptocurrency adoption, there has been an increase in the variety of illicit on-chain activities. SlowMist’s January report revealed Web3 security incidents climbed to $98.19 million in losses across 40 hacking attacks, which caused about $87.94 million in damages, with $1.47 million successfully recovered. Major incidents include a $70 million hot wallet breach at Singapore-based exchange Phemex on January 23 and a $7.2 million exploit of P2P trading platform NoOnes’ Solana bridge on January 1. The post BSC-Based Meme Coin LaunchPad Four.Meme Suffers $183K Exploit appeared first on CryptoPotato.

A long-awaited Solana update is live. Solana LSTs mostly saw their yields go up across the board today.

According to reports, blockchain companies Galaxy and Ripple contributed $160 million in loans to MoonPay, helping them handle demands for the launch of TRUMP, Donald Trump’s official memecoin, on January 18. MoonPay struggled to access its fiat accounts during the weekend before Trump’s inauguration. Apart from the weekend effect, the following Monday, the inauguration day, was a holiday. With offices closed, MoonPay’s lack of access to its funds extended and jeopardized its goal of securing the $100 million in liquidity required to meet TRUMP’s trading demand. Related: Trump Memecoins Thrive Ahead of Election, Defying Market Trends Notably, the incident, which became public during a recent podcast , highlights cryptocurrency’s benefits, showing the near-limitless potential of the technology. Completing the transaction over an extended weekend that merged into a national holiday proves that neither day nor time can limit this innovation. It embodies a key quality that early crypto advocates championed to pitch the new system over conventional finance. During the podcast, MoonPay President Keith Grossman narrated how the skyrocketing demand following TRUMP’s launch caused the exchange to seek an emergency bailout. In a few minutes, Grossman closed a loan deal with the Galaxy team for $100 million, which MoonPay would pay back after a few days. TRUMP token’s sudden surge forced MoonPay to seek additional funds just hours after its $100 million deal with Galaxy. Grossman revealed that Ripple’s executive Brad Garlinhouse stepped in over the same weekend with another $60 million. Beyond showcasing the strengths of crypto transactions, Grossman took the podcast as a chance to commend the Galaxy and Ripple teams, praising them as outstanding figures in the crypto arena. Related: Trump Coin Surge: Solana-Based Meme Coins to Watch for 50% Gains Launched a few days before President Trump’s swearing-in, the $TRUMP memecoin saw its market cap soar from roughly $200 million at issuance to over $10 billion in under two days. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

🚨 BREAKING: @FTI_US ($1.3T AUM) goes on-chain! 🔥💰 Its tokenized money market fund (F0BXX) is now live on Solana—a major step for institutional DeFi! 🚀 #Solana #Tokenization #FranklinTempleton #Crypto #DeFi

Franklin Templeton extends FOBXX fund to Solana, marking its latest blockchain extension