Four.meme Faces Critical Liquidity Vulnerability on BNB Chain
Blockchain security firm SlowMist identified a critical vulnerability in four.meme's liquidity system on the BNB Chain. This flaw enabled an attacker to exploit the platform’s smart contract, allowing early access to pre-launch tokens and manipulation of liquidity pricing.
- The attacker created a liquidity pair by sending pre-launch tokens to a non-existent PancakeSwap address.
- This incident follows a previous breach in February that resulted in a loss of approximately $183,000.
- In response to the latest attack, four.meme suspended its liquidity pool on PancakeSwap and is enhancing security measures.
- PancakeSwap, a leading DEX on the BNB Chain, reported increased trading volume, surpassing $1.1 trillion.
- Security incidents highlight ongoing risks in decentralized finance platforms, emphasizing the need for robust protective measures.
Investors should exercise caution and conduct thorough research before engaging with new projects as security remains a critical concern in the DeFi space.