Blockchain security firm SlowMist has identified a critical vulnerability in Four.Meme, a meme coin launchpad on Binance Smart Chain (BSC), where attackers could manipulate PancakeSwap v3 pools to exploit token launches.
The vulnerability stemmed from the fact that Four.Meme does not implement price verification checks which allowed malicious users to create pools with deliberately skewed prices before scheduled token launches.
SlowMist explained that when new tokens migrate to PancakeSwap v3 and add liquidity, they automatically adopt these manipulated price points, thereby enabling attackers to drain pool assets.
According to blockchain security company PeckShield’s findings, the incident resulted in attackers making off with approximately $183,000.
BSC-Based Meme Coin Launchpad Reacts
In response to a recent malicious attack, Four.Meme announced suspending token liquidity pools on PancakeSwap to safeguard user assets. The development team also said that it is actively addressing t
We współpracy z: https://cryptopotato.com/bsc-based-meme-coin-launchpad-four-meme-suffers-183k-exploit/
