Four.Meme Hacked, Platform Issues Statement

“We are currently under a malicious attack and our team responded quickly,” the Four.Meme team said in a statement following the attack. The platform said that user funds are safe and unaffected by the attack.

According to analysis by blockchain security firm PeckShield, attackers seized $183,000 in assets, while the platform’s systems responded quickly to the attack.

Security Breaches in the Crypto Industry on the Rise

Security breaches are still a major problem in the cryptocurrency market.

• While total crypto attacks decreased by 44% in January 2025, hackers still stole $73 million worth of assets.
• During 2024, $2.3 billion was stolen in 165 attacks, a 40% increase compared to 2023.

Four.Meme came to the fore with its TST Token

The Four.Meme platform had attracted attention with the huge rise of the Test (TST) token in a short period of time.

• Its market capitalization, which reached $489 million on February 9, quickly dropped by more than 50% to $215 million.
• The TST token was only used as a test in a BNB Chain training video, but its price skyrocketed after China-based communities aggressively promoted it.

Although Binance co-founder Changpeng Zhao clarified that the video was “not an endorsement,” the token sparked much speculation. Zhao acknowledged that Binance’s token listing process has been problematic and that some tokens have performed poorly due to arbitrage opportunities.

Binance to Introduce More Transparency in the Listing Process

Following speculation surrounding Four.Meme’s TST token, Binance’s other co-founder, Yi He, revealed the token’s listing criteria:

• High return potential (ROI),
• Innovation and attracting new users,
• Strong market performance on other exchanges.

The Four.Meme attack shows that more security measures are now needed in the memecoin market, and may lead Binance and other major platforms to review their listing policies.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post BNB Chain Memecoin Platform Fourth Meme Attacked appeared first on Coin Engineer.

The new spot trading pairs will be 1000CHEEMS/USDT, 1000CHEEMS/USDC, TST/USDT, and TST/USDC. Users can begin depositing 1000CHEEMS and TST tokens one hour before trading begins. Withdrawals will open on February 10, 2025, at 14:00 (TRT).

Binance will not charge any listing fees for the new tokens. 1000CHEEMS will operate on the BNB Smart Chain, with the smart contract address 0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413, while TST will also be on the BNB Smart Chain, with the smart contract address 0x86Bb94DdD16Efc8bc58e6b056e8df71D9e666429.

Seed Tag Application

The Seed Tag will be applied to 1000CHEEMS and TST tokens. To trade these tokens, users must pass quizzes every 90 days on the Binance Spot and Binance Margin platforms and accept the Terms of Use. Additionally, trading these tokens may involve high volatility and risk, so users should DYOR (Do Your Own Research) before proceeding.

Click to Register for Binance Exchange with 20% Commission Discount!

Cheems (1000CHEEMS) is a Shiba Inu-inspired meme coin issued on the BNB Smart Chain, while Test (TST) is a test token deployed by BNBchain on four.meme.

Both Cheems (1000CHEEMS) and Test (TST) are already listed on the Binance Alpha Market, and these tokens marked with the Seed Tag represent innovative projects with higher volatility. Binance will provide quizzes and risk warnings to ensure users understand the risks before trading these tokens.

Important Notes:

• 1000CHEEMS and TST tokens will be accessible for users who pass the pre-trading quizzes.
• For security, users should trade exclusively on the Binance platform.
• This new listing aims to offer a broader trading space for meme coins like Cheems and Test, increasing diversity in the crypto ecosystem.

1000CHEEMS and TST tokens are new and carry a higher risk of price volatility. Users should be cautious and conduct their own research before trading these tokens.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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