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Home»ALTCOIN NEWS»4. MEME resumes operations after $ 120K sandwich attack
ALTCOIN NEWS

4. MEME resumes operations after $ 120K sandwich attack

By Crypto FlexsMarch 19, 20252 Mins Read
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4. MEME resumes operations after $ 120K sandwich attack
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BNB chain -based Memecoin Launch Platform Four.meme has resumed the operation after using it for about $ 120,000 for a sandwich attack.

Four.meme said on March 18 that the launch function has returned after checking and solving security issues on the X post. It was “attacking” and stopped this function to investigate it.

“Our team has solved this problem and strengthened system security. Rewards for affected users are in progress.

source: Four.meme

Web3 Security Firm EXVUL said in a March 18 post that the Exploy seems to be a market operation technology known as a sandwich attack.

The attacker said, “Pre -calculate the address to create a pair of liquidity pools,” and used one of the functions of the platform to buy tokens, which successfully detoured a 4.MEME token transmission restriction.

EXVUL said, “After that, the hacker waited until the 4.MEME added liquidity to the transaction, ultimately cutting funds.

source: EXVUL

CERTIK, a blockchain security company, has also reached a similar conclusion, and the attacker transferred a pair before making a pair of unbalanced non -unfinished tokens before the pair was created, and then sold it for profits later.

Certik said, “For example, in this SBL token, the attacker sent a few SBL tokens to the pre -calculated pair address and then added a liquidity transaction for 21.1 bnb.

source: certification

According to Certik, this tactic has seen that the attacker leaves at least 192 BNB (BNB) at a significant considerable significant portion of $ 120,000.

relevant: Pump.fun Memecoins is dying at a record rate and survival of less than 1%

Four.meme was attacked in a few months, and on February 11 exploited, about $ 183,000 of digital assets were lost.

In February, in February, it lost $ 1.55 billion in fraud, abuse and hacking in February, and $ 1.4 billion in BYBIT HACK occupied Lion’s share.

According to a chain analysis of Blockchain Analytics, an illegal trading volume earned $ 51 billion last year due to the cryptographic crimes in the specialized era of AI -centric fraud, the Starble Recon washing, and the efficient cyber syndicide.

magazine: Memecoins will die and Defi will rise again -Sasha ivanov