Basri Caneri 
BNB Chain-based memecoin launch platform Four.Meme suffered a security breach on February 11. The attackers targeted the platform’s growing liquidity, seizing approximately $183,000 worth of digital assets.
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.
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