Headquartered in the BNB chain Memecoin launch platform Four. Eventually resumed operations, and after being attacked by a sandwich attack, the attack took advantage of it for $120,000.
Four explain In the March 18 x post, its launch feature is back after checking and addressing security issues. It earlier suspended its investigation function, saying it was “under attacked.”
“Our team has addressed the issue and has compensated the affected users.
source: Four
Web3 security company Exvul explain In a March 18 X post, utilizing what appears to be a market manipulation technique Known as a sandwich attack This made the attacker earn $120,000.
It said the attacker “precalculated the address of the trading pair that created the liquidity pool” and used a feature of the platform to buy the token, which successfully bypassed four.
Exvul added: “The hackers waited for four.
source: Exvul
Blockchain security firm Certik came to a similar conclusion, explain The attacker transfers imbalanced unstarted tokens to paired addresses before they are manipulated at launch to make a profit after selling them.
“For example, in the case of SBL tokens, the attacker sent some SBL tokens to the estimated pair address in advance, and then profited from 21.1 BNB by clipping the added liquidity transactions at launch,” Certik said.
source: Certik
Strategy makes the attacker leave at least 192 BNB (BNB), according to Certik, their value is about $120,000 and they sent it to decentralized cryptocurrency fixed stocks.
Related: Pump. FunMemecoins die at record rate, with less than 1% survival
This is the fourth time. Exploitation results in losses of approximately $183,000 Value digital assets.
Throughout the wider cryptocurrency industry, see in February $1.53 billion in scam lossexploit and hack, $1.4 billion Bybit Hack Consider the share of the lion.
Blockchain analysis company chain analysis says There has been $51 billion in illegal transactions in the past yearpartly because crypto crime has entered a professional era, dominated by AI-driven scams, Stablecoin money laundering and effective network groups.
Magazine: Memecoins will die, Defi will rise again – Sasha Ivanov
