Meme Coin DePloyer Fourmee.MEME suspended the launch of the new symbolic liquidity gathering on the pancakes after a security breach.
According to February 11 advertisementThe BNB series has suffered from exploiting its forcing it to suspend some of its operations while addressing the problem.
When writing, the exploitation has not yet been patching, but as of the latest protocol update, developers were able to “address the problem immediately”.
Fourmeme did not reveal the details of how the attack or the extent of the losses in the attack appeared, but it reassured users that the internal funds are still safe and “are not affected by the attack.”
However, preliminary estimates from Blockchain Pecksheild Security Company have made current losses of about $ 183,000 of BNB symbols.
The post -dispensing updated update on CERTIK has a slightly higher losses at $ 200,000.
What happened?
According to Swowmist, Blockchain’s colleague security company, exploitation took advantage of a loophole in how Fourmeme dealt with liquidity gathering migrations.
It is claimed that the attacker set up a perverted liquidity group on Pancakeswap V3 with a severe price defect before launching a new code
“since [Four.Meme] It does not check the price of the group, and the liquidity simply follows the price set by the harmful user. This allowed the attacker to drain the pool.
Currently, the platform remains partially. Trading on the series is still alive, allowing users to continue to buy and sell distinctive symbols.
However, POOW (LP) launch operations on Pancakeswap temporarily hanging as the team works to reform.
Fourmeme has not yet been determined when LP launches will resume and remember that additional details will be shared in the upcoming ads.
However, some community members criticized the Fourme team for allegedly ignoring multiple warnings about exploitation.
According to X posts that INVEZ saw, many users knew a suspicious activity for hours before the liquidity attack was drained by dozens of coins.
One user Claim At least 50 symbols have been eliminated due to what they called “Fourmeme”.
Another x post, was presented a few hours ago, the official FourMEME advertisement put a mark on the official x account of the project, and urged them to solve the problem immediately.
The data on the common chain in the post reveals large BNB transfers associated with exploitation.
The Defi sector remains in danger
As mentioned earlier by Invezz, nearly 53.5 % of attacks were targeted across the coded currency sector towards the decentralized financing sector.
Some of the largest attacks in Defi include the exploitation of the Blockchain game platform in early February 2024.
The infiltrators have exposed Playdapp contracts, holding an unlimited source of distinctive symbols of the liberation and cooperation army, which were thrown into the market.
The exploitation led to losses of more than $ 290 million, and the platform forced a deportation plan to a new symbolic contract in an attempt to alleviate more losses.
Meanwhile, the Gala Games penetration in May 2024 led to nearly $ 200 million of losses after the striker took advantage of the control to reach a distinguished account.
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