The BNB Chain-based memecoin launch platform Four.Meme experienced a significant security breach, resulting in the loss of approximately $183,000 in digital assets. The platform reported the exploit on February 11, assuring users that internal funds remain safe and unaffected. As a precautionary measure, Four.Meme has temporarily halted the creation of new liquidity pools while the team investigates the situation. This incident adds to the ongoing concerns surrounding cryptocurrency security, which has seen a notable increase in hacks and exploits. In January 2025 alone, over $73 million was reported stolen in the crypto space. Furthermore, the total stolen across 165 incidents in 2024 represented a 40% increase compared to 2023, where hackers stole $1.69 billion in total.

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