Fourmeme, the BNB series, has resumed processes after temporarily suspending its services due to security exploitation.
The attack, which occurred on March 18, targeted the platform using the marketing technology in the market known as a sandwich attack, which led to a loss of about $ 120,000.
The platform regains the services after safety improvements
Fourmeme announced on March 18 on X that the launch function has returned via the Internet after the completion of the security examination and the implementation of additional guarantees.
🚨 Update from four 🚨 The launch function has now been resumed after a comprehensive security examination. Our team dealt with the issue and the security of the augmented system. Compensation for affected users is ongoing. If you don’t send your demand yet, please …
The company initially suspended the launch function to investigate the attack, saying it was “under the attack” and needed to evaluate weakness.
The platform confirmed that it treated its exploitation and strengthened the regime’s security measures. The company also added:
The launch function has now been resumed after a comprehensive security examination. Our team dealt with the issue and the security of the augmented system. Compensation for affected users is ongoing.
How to use the exploitation
Web3 Security Exvul revealed in a publication on March 18 × that the attack was carried out through a sandwich attack, a market manipulation strategy used to exploit price movements.
After an accurate analysis, we discovered that four four_meme_ He was attacked by a sandwich, lost nearly $ 120,000, this incident was a classic sandwich attack. Pirates pre -limited the address to create a trading pair in liquidity liquidity and use it …
The attacker pre -created him to create a liquidity trading pair and used one of four jobs to buy symbols while bypassing the symbolic transmission restrictions of the platform.
Once the liquidity is added by Fourmeme, the attacker prepared the transactions that allowed them to raise funds from the platform.
CERTIK confirmed to Blockchain Security similar results, saying that the attacker transferred an unbalanced number of unlimited symbols to the liquidity gathering before the husband’s creation.
1/ In this case from the SBL code, for example, the attacker sent a little of the distinctive SBL to the pre -pre -improved pair address, then benefited from 21.1 BNB by the Shendwish treatment to add liquidity at the launch.
By treating the distinctive code prices at the time of launch, the attacker was able to benefit greatly.
The most prominent CERTIK How the attacker used this tactic with the distinctive SBL codes.
The attacker sent a small amount of SBL distinctive symbols to a pre -calculated pair address before the liquidity treated, eventually benefited 21.1 BNB.
In general, the attacker recorded 192 BNB, at a value of about $ 120,000, and sent money to Exchange Development Fixedfloat.
FOUMEME SECOND Security Breach within two months
This is the second time in several months that four fell.
On February 11, the platform suffered from another attack that led to a loss of nearly $ 183,000 of digital assets.
The latest breach emphasizes the ongoing security interests in the decentralized financing sector (Defi), as emerging platforms remain major targets for the attackers.
The exploits of encryption continue to rise
Fourmeme’s last attack is part of a wider trend of high encryption exploits.
February alone witnessed approximately $ 1.53 billion of losses due to fraud, breakthroughs and exploits, with a penetration of $ 1.4 billion to a majority of damage.
Blockchain Analytics ChaINALYSISIS said that the volumes of illegal encryption transactions amounted to 51 billion dollars last year, which attributed this increase to an increasing scene of Internet crimes.
AI’s fraud, washing, and organized internet carvings made the encryption sector more vulnerable to advanced attacks.
Despite these setbacks, Fourmeme again re -committed to enhancing the safety of the articles of association and compensating the affected users.
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