The BNB Chain-based memecoin launch platform Four.Meme has resumed operations after being hit with a sandwich attack that exploited it for around $120,000.
Four.Meme said in a March 18 X post that its launch function was back after inspecting and addressing a security issue. It had earlier suspended the function to investigate it, saying it was “under attack.”
“The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,” the Four.Meme team said.
Source: Four.Meme
Web3 security firm ExVul said in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack that netted the attacker $120,000.
It said the attacker “pre-calculated the address for creating the liquidity pool’s