The memecoin launch platform Four Meme, built on the BNB Chain, has suffered a malicious attack resulting in losses of approximately $183,000 to $200,000 worth of Binance Coin (BNB). The attack exploited vulnerabilities in unverified contracts and involved liquidity manipulation on PancakeSwap V3. The attacker created a fraudulent liquidity pool with skewed pricing, allowing them to siphon assets during the token's migration. Four Meme has temporarily suspended its Liquidity Provider (LP) on PancakeSwap to prevent further losses while keeping on-chain trading operational. The platform assured users that internal funds remain secure and has committed to enhancing security measures. Blockchain security firms, including CertiK, PeckShield, and SlowMist, have highlighted the absence of a verification mechanism for liquidity pool prices as a critical flaw. This incident follows a broader trend of increasing losses from crypto platform hacks, with $2.2 billion lost to such incidents in 2024. Notably, Four Meme had recently gained prominence due to the Test token's 10,000% surge, fueled by a social media post from former Binance CEO Changpeng Zhao.